firstly, it wasn't a "merger", mergers have more court and regulator oversight. MSP/FFT chose a takeover.
secondly,
a recommended takeover bid ~40% below market,
laughable benefits to MSP shareholders,
ASX/ASIC requiring the company to restate false and misleading statements,
outdated or obscured financial and Director disclosures,
ceasing all AVA market updates and any news related to client wins,
Bidder and Target statements and an Independent Expert that completely skipped the AVA value issue,
and on top of independent directors that were barely visible
while the salesmen of the deal, the non independent directors, refused to address any uncomfortable questions.
I'd say those thing contributed quite a bit to the busted share price. But then a busted share price suited the takeover quite well. Blaming HC posters for "downramping" and a 40% fall the share price is just silly. It makes you look silly.
But who cares now, they won, you won of sorts. I just hope Mgt genuinely understand how bad they made themselves look, address it and decide to treat the market and prospective shareholders with a little more respect, otherwise everyone is screwed.
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Last
13.5¢ |
Change
-0.025(15.6%) |
Mkt cap ! $34.57M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 13.3¢ | $106.0K | 759.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 120779 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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8 | 120779 | 0.130 |
10 | 385680 | 0.125 |
11 | 1131163 | 0.120 |
1 | 10000 | 0.115 |
3 | 92090 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 10000 | 1 |
0.150 | 21212 | 1 |
0.155 | 12929 | 1 |
0.160 | 44573 | 3 |
0.165 | 36164 | 2 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
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Change
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