BAO I feel the company is fragile and needs to tie up in one way or another with a larger player to move on and get over everything. Now it remains to be seen if they will pay the price and the BOD's accept or not. Not sure if the BOD@s have been given any options yet as they've only been in place a month or so but if they have they'll be laughing having probably been given contracts for a year with whatever other benefits and they could get paid off after a month !!! not bad work if you can get it lol
But it could all go wrong but looking at the fragility of the business with the Old Board sacked the new BOD could take the easy route and sell
But its not PI's dishing out that dosh, allot of Insti's getting on board by the looks?
They probably were forced to announce it during the DD to get it out of the way for the negotiations to continue
45.8M is too many for a ramp IMO
It was announced a few weeks ago and I think they have until the 19th to declare their hand from memory