Well, well, well...Mitratech has walked away after a couple of weeks due diligence (which is not a great sign).
Management is now entertaining a second bid that was received, at a lower price of 27c, from Ideagen. Given the precedent set by Mitratech, any prospects of a deal being consummated here have taken a blow. The market certainly doesn't seem to have any confidence in it, and got it right with the large spread between the market price and the now unsuccessful bid lobbed by Mitratech.