Being pragmatic this has never been a public company excercise only a capital raising for some opportunistic doctors from lazy analysts and shareholders like myself.
The only viable takeover is a management buyout and why would they hurry. No external investor would consider this company as all power lies with the doctors. They will gradually build up a "kitty" and then take it private.
The lack of ethics in the public company market should be well known to all. In fact the decline in ethics in the Australian market has been evident for the last 5 years. There is no valid reason to invest in public companies because the advice and information from directors is simply not true. Much better risking your investment in private companies where you can see and feel the day to day operating status of the company. One should seriously consider all info releases from the public company sector as suspect and certainly dont invest in PE's but hard assets if at all.
This is all my own opinion and no advice is intended.
VGH Price at posting:
28.0¢ Sentiment: None Disclosure: Held
