Bigtincan Holdings Limited

ASX:BTH

Bigtincan Holdings Limited

ASX:BTH
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$0.175 (+6.1%)
Last close price
#269
Rank
8
Held by
46
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Reports (8) My Report Forum Investors
Forum Topics BTH BTH Takeover / Capital Raise

Pinned straw:
rmoss
Added 5 months ago

Wow, the board of BTH has reached new heights of skullduggery, announcing both a capital raise @10c and that they were assessing a nonbinding takeover offer @25c yesterday (in the same announcements) only to announce the suitor has withdrawn their bid today (after institutional placement had completed). They unfortunately don't have a great history with TO offers as they turned down 80c last year as it wasn't in the best interest of shareholders....but driving it into the ground and raising at 10c is....hmmm

Scott
Added 5 months ago

they've done it at least twice before too. Here is a straw I posted a year ago.

"Bigtincan announced a non-binding takeover offer today at 80c. Deja vu. In Dec 22 they had another non-binding offer which didn't proceed for the same price. A week later they had a capital raise. Call me suspicious......"

12
AUROPAL
Added 5 months ago

It amounts to market manipulation, if not outright fraud IMO.

Get your mates to lob a completely non-binding, indicative bid and then pull it the next day (wtf?) so you can pump your share price for a cap raise.

It speaks very ill of management.

15
thunderhead
Added 5 months ago

Joining the Spurned Takeover Hall of Shame alongside the likes of $RHC, $TYR , $ERD and $APX.

8