Interesting thoughts bottomfeeder. So eventually shareholders are scared of de-listing and they accept a rediculously low buy back price. They sort of did this with AYT a year or so ago. From memory with that one MVT tried a takeover for AYT at 4.8 cents, or else a delisting. A few nervous shareholders sold on market for 4.8 cents because they did not want an investment that was not listed. 6 months or so later MVT tried to pay unit holders 6.4 cents for control! There was some red tape that prevented them from being able to go through with it even though they wanted to. But holders in AYT who stayed firm have already realised a large capital return and seem certain to realise at least this 6.4 cents most probably more. Much better result than those who sold to MVT at 4.8 cents. Will this playout in a similar fashion?
MMX Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held