RE: The great race20 Nov 2023 00:52
All this talk of a potential /imaginary buyout?
1. The BOD hold the upper hand in that they are the ones that hold the majority of shares , and if such an offer was to be put forward at some time in the future, only they would be the ones to recommend such an offer to shareholders, so that is a hurdle they would have to seriously consider, and it would have to be 'Eyewatering' offer for them to throw in the towel at such an early stage?
2. As yet this company is still in it's Fintech infancy stages of development/growth and way before any imagined takeover is on the cards to be seriously contemplated IMHO.At this point in time how can anyone seriously ascertain what true value is without at least several years of trading?.
3. So for now for me, all should come back to Earth and wait for the true potential of GST to come through and see what potential cashflows transpire before such thoughts of a takeover etc even begin to be considered.
All IMHO as ever.