Company Report
Last edited 3 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#27
Performance (52m)
-2.3% pa
Followed by
94
Straws
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#ASX Announcements
stale
Added 3 years ago

The takerover offer has a very high probability of getting over the line, given it has the unanimous support of the BoD and the largest shareholder (Colinton).

A bailout that will leave many shareholders still well underwater, but it is better than a highly dilutive unprofitable company that may eventually cease operations.