28-04-2022, 08:11 AM
another EAO@1.36, reason as follows:
Previous Equal Access Offer was met with an encouragingly positive response, with the total tendered shares representing more than double the then maximum buyback amount of 54,410,011 shares.
After careful consideration and taking into account the remaining amount of surplus cash available, the prevailing market conditions and the circumstances surrounding the Company, the Directors are of the view that undertaking this subsequent Equal Access Offer would be an appropriate interim measure for the benefit of Shareholders, especially Shareholders who are in need of short term liquidity and/or who did not succeed in tendering or tendering all their shares for acceptance by the Company during the Previous Equal Access Offer, to have another chance at tendering their shares
I think this is a nice gesture for those shareholders who wanted out. The price is definitely grossly lower than most people expected, but it does serve it's purpose for those shareholders who wanted out.
I'm not vested any more but if you give me a chance, I would definitely take a bite at a price higher than $1.36.
Unfortunately, not going to wait for the trading resumption as there are clearly no indication of this possibility - ZERO chance.
Gratitude!
Previous Equal Access Offer was met with an encouragingly positive response, with the total tendered shares representing more than double the then maximum buyback amount of 54,410,011 shares.
After careful consideration and taking into account the remaining amount of surplus cash available, the prevailing market conditions and the circumstances surrounding the Company, the Directors are of the view that undertaking this subsequent Equal Access Offer would be an appropriate interim measure for the benefit of Shareholders, especially Shareholders who are in need of short term liquidity and/or who did not succeed in tendering or tendering all their shares for acceptance by the Company during the Previous Equal Access Offer, to have another chance at tendering their shares
I think this is a nice gesture for those shareholders who wanted out. The price is definitely grossly lower than most people expected, but it does serve it's purpose for those shareholders who wanted out.
I'm not vested any more but if you give me a chance, I would definitely take a bite at a price higher than $1.36.
Unfortunately, not going to wait for the trading resumption as there are clearly no indication of this possibility - ZERO chance.
Gratitude!