G'day 40. I think BXL hopes to move from the NSX to the ASX and sees the opportunity INE offers especially as the top 20 of BXL hold 98% of its issued shares.It will be interesting to read any formal offer documentation. In the meantime the Board of INE are to report by September 30 which,if any,of the other proposals they recommend.Otherwise they will recommend winding up INE. So serious bidders may appear after September 30 and before the GM on October 18 to remove the present Directors. Interesting times ahead.
INE Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
