Management stated at last AGM "no revenue lost in major contracts, just some delay". If what you are a saying is the case, then it will be another GSW situation.
If management were proactive or clever in setting up the business for sale, they would not have been forced to accept an unsolicited offer. They would have brought all players in the market via a data room setup, like how SRX did it last year.
They basically went to auction with only one registered bidder with no reserve price. That's called a fire sale.
NTC Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
