OLY 0.00% 4.0¢ olympio metals limited

territory in quandary, page-11

  1. 1,469 Posts.
    Belair

    Thanks for your comments.

    I certainly agree with your first paragraph. Also, it explains why TTY's price chart looks like a ski slope!

    About your second paragraph, I perhaps need to clarify a point.When saying that TTY would have to prop up OLY or watch its 65% go down the gurgler, I was not suggesting that TTY would need to increase its holding in OLY. Rather my intention was to point out that TTY now has to cover OLY's losses,ie: in effect pay its bills.

    Suppose I tried to buy a business that was running at a loss believing I could turn it into a profit. But in the event, I acquired only 65%. Knowing that the owners of the other 35% (=OLY holders) wouldnt help, I'd have no choice but to pay that businesses debts or watch it go bankrupt.

    To make matters worse, by not obtaining 90% of the business, the owners of the 35% would be free to sell their share and so affect the market value of the whole business. Etc.

 
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Last
4.0¢
Change
0.000(0.00%)
Mkt cap ! $2.991M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 12 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 98798 1
Last trade - 11.37am 04/12/2024 (20 minute delay) ?
OLY (ASX) Chart
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