price close on 20/10/20 $1.69 opened on 21/10/20 $4.88 ,volume trade on 21/10/20 115,922,968 days high $6.14 days low $2.13 price now trading sell $2.41 buy $2.43 increase of 43%
Should be mid price of 2p end of next week. DVRG offer not worth the paper it is written on and should be rejected for a better offer ,say 1 mwg for 7 DVRG
Will the takeover by Integumen plc go ahead as only the board of Modern Water has accepted the offer based on the original offer at 2.8p all share offer. Current mid price of Modern Water is 2.75p therefore there is no benefit to shareholders.
The MWG board only own 4.3 million, other shares are the corporate share holders who own 126.3 million
main holder Helium rising stars fund with 71m, do we know how they are voting, other corps own between 1.8m to 16.5 m ,there are 10 other major holders.
Will Integumen make a new offer if this original offer was when Integumen was at a non-consolidated price of 4.05p a 44% increase now we are -2.5%