iBuyNew Group (IBN) Chart: Share price over the year
This online real estate platform recently agreed to buy the assets of Indo-Pacific Property. We believe the stock will start to re-rate if shareholders approve the acquisition at the annual general meeting on November 21. We note IBN recently recorded its second highest cash receipts quarter of $1.32 million and is owed about $4.5 million in settlement income. I own shares in IBN. The shares were trading at half a cent on November 16.
IBN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
