Assuming your prediction turns out to be the case Mal - and there is indeed an attempted T/O then ...
- I will be very interested to hear what the Board recommends to its shareholders... and a detailed explanation accompanying any such recommendation.
My interest will be the same whether a T/O attempt/offer has been initiated by a currently uninvolved third party - an existing shareholder - or a management buyout!!
In the meantime however, it has been sloshing around in my mind what the Board said in order to justify the reverse split - words to the effect of... "it will give the company/stock some credibility" to the big boys. Since that time, the SP has done nothing but tank - despite the very encouraging announcements.
IMVVHO, either the ones currently selling (this low) have not done their fundamental research well enough, or they need urgent $$$ for Xmas presents, or things are indeed being prepared for a takeover bid.
I don't think we are going to have to wait too much longer to find out but, to me, something certainly now seems to be out of whack. I can hardly wait to see if my suspicions prove to be correct.
I wish you all a Merry Xmas and a much better 2019!
