I didn't say "they" were influencing the sp. The incumbents...

I didn't say "they" were influencing the sp.

The incumbents potentially in on a windfall in taking control of the company would of course number more than 2 (this manoeuvre is planned to precision) and the clique in waiting from the top 20 would represent on my guess >20% of issued shares.

They would not have to "convince" anywhere near the "other 90%". Indeed once they have 90% they could compulsory acquire the remaining 10%.

A bid in the short term at 30c ps may follow an on market raid driving the price to around that level lifting the bidders stake to perhaps >40%. The typical scenario is they then intimidatingly say if you don't accept the offer at 30c it would be withdrawn and the sp will fall back to the 21c pre-bid.

A compelling reason to sell to lock in the 42% gain to 30c on the current 21c sp for the majority of holders except some of the faithful and those asleep.

With >50% of shares control of the company would change over to the opportunists. There are many ways to acquire the remainder to 90% by attrition over time. It would not fuss the incumbents if they eventually had to buy out the last on the register at a premium, even if the sp had risen significantly in the mean time, if still listed on the ASX, unlikely.

The End Game would see the full value of the company revealed once the takeover is complete and some water under the bridge short time passed with a sp as discussed here
of >$1.67 (market cap $140m) and upside to ~$4.00 (market cap $337m).

Compared to the present market cap of $17.7m at today's 21c the above quite commercially legitimate game plan is no Toy Story. Wouldn't you think there would be some push - back against our being taken to the cleaners in that way?