Wild volatility on the report released, with the shares trading erratically, initially reaching $1.30 and then dumping all the way to $1 before settling at $1.09.

Looks like it has become a plaything to the institutions on the register jockeying for quick gains, especially Regal, who have some form in this area.

The report itself looked fine (if not spectacular), and didn't seem to merit such a significantly negative reaction on a quick skim of the numbers.

The Potentia(l) takeover negotiations have concluded with a no-go, after extensive engagement over several weeks. This seemed likely given the market's lack of enthusiasm for the shares in the lead up.

It's all on the management to restore the lost value to shareholders now. On the plus side, the most recent trading update was largely encouraging.

Looks like Potentia is readying itself for another stab at the company.

It is still very much in play, and from the looks of the recent price action, the market is anticipating an improved bid too.

https://www.afr.com/street-talk/tyro-potentia-camps-break-bread-agree-dd-terms-20230205-p5chyu

Westpac has withdrawn its interest acquiring all of Tyro, simply stating that it is not in the best interest of shareholders to make a bid at this time.

While the company is still in play, hopefully for shareholders any takeover interest in the new year will provide a consideration that can be accepted by the board and a majority of shareholders, particularly the largest holder Grok ventures. A bid approaching $2 should do it.