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) ? |
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