Market opened after the ZED share purchase in the 50s and has since slid back, now at 47p-48p. It looks like a great deal for the board as gets them out of the huge hole they dug themselves into with the poorly worked earn out obligations, but looks to be a completely crap deal for shareholders. One also wonders whether ZED will think this a good decision too, since their investment is already falling, they probably could have bought up the whole company for £40m at 60p a share instead of 52.6% of it in new shares for £34m.
The board must be laughing all the way to the bank.
Monstermob stock quotes
Monstermob stock charts
Follow this thread
