Hope for the sake of the guy selling 200,000 shares at $0.16 he isnt asleep at the wheel.. should remove it and put it at 26 cents
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Hope for the sake of the guy selling 200,000 shares at $0.16 he isnt asleep at the wheel.. should remove it and put it at 26 cents
We might hear how far ‘conversations’ have gone or just ‘we are aware of that Agreement but know nuthin more but will keep market informed if things happen’
But a bit of excitment anyway and share price might even go higher than My Food Bag’s
What you reckon will happen Balance?
"Looks like a scheme of arrangement takeover has been launched: Masfen Securities (the Masfen family office) and Takutai bumped both of their stakes to 25% each yesterday."
Madison Reidy on Twitter 1 HR ago.
DJ Khaled: we taking over.
I had an existing sell order in, but it got declined at the time of the trading hold announcement. I think this may've been done by Jarden (I'm using Jarden Direct) at their discretion, as I'm still seeing other orders in depth while mine is gone.
If that's the case, I'm grateful, but it would've been nice if they'd also declined the ERD sell order I was scalped on recently in very similar circumstances (literally slept through trading halt).
Announcement in at $0.18c per share :(
Even the would-be acquirers don't seem to like this company much.
"After carefully considering the NBIO (including receiving advice from Jarden and Bell Gully), the Board of Directors of Metroglass has concluded that the Proposal significantly undervalues Metroglass and that it is not in the best interests of the company and its shareholders to progress the Proposal."
Didnt need to pay Jarden or Bell Gully heaps of fees to know the proposal is not good enough
Looks to me like just a ploy by Mafen & Co to flush out any potential bidder(s).
Only way they are going to get their money back?