It's not just the flooding. The comments on the drought were concerning. When a company lacks cashflow and profit, this is the last thing they need.
There is no need to make a takeover offer at a premium. If Tavistock wants more it just flags the precarious position, watches the stock drop more, then props it up with a discounted rights offer or CB, backed by it.
I would like to buy back in, but only after what seems like inevitable dilution happens.
Our friends in Bahamas could be mopping up all shares....Possible take over in play, page-4
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