The two interested parties continue to bid against each other today.

TAG this morning $0.235 a share, with Humanforce increasing their own market bid to $0.24 shortly after lunch.

The board is recommending shareholders do nothing while they invoke the 5-day TAG matching right.

Another day, another development.

Today IHR Board Committee has advised shareholders to reject Humanforce Bid and Accept the TAG Transaction.

TAG wants 100% of the company for up to $0.22 per share via the TAG Scheme. (75% for $0.215, 50% for $0.21 by takeover Bid).

Not long after this announcement, Humanforce upped their on-market offer to match at $0.22. It's hard to not see TAG increase their offer at this point (or give up). Not sure how many people would want to hang onto IHR shares for months for the TAG scheme to run its course - which would only result in the same net outcome by cashing out now.

Disc: Still holding a small holding IRL.

The bidding war continues.

This morning Humanforce upped their ON market offer to $0.195

Not long after (approx an hour) TAG increased their Binding Proposal to $0.22

As Humanforce point out in their offer, they own 19.9% of intelliHR shares and confirm they will vote no to the TAG offer. For the moment I'm happy to hold my small parcel IRL to see how this all plays out. Both parties seem highly motivated to achieve their desired outcomes. I wouldn't be surprised if the price edges up ~$0.30 by the end of next week.

Oh spicy, another counter offer at 0.20 by TAG.

A few more of these and I might get out of the stock whole.

Well, that didn't take long.

$0.165 offer for 339991116 shares.

IHR has entered a "Pause in Trading", I've never noticed a "Pause" (vice "Trading Halt") before. I assume this means it's for a matter of hours not days?

No reason given for the pause.