Originally Posted by
moimoi
Well according to the company's own announcement of 11 December 2023 some shareholders may have been aware of the existence of the "proposal" prior which forced its appearance to be announced.
It would be unsurprising therefore if those same folk are aware of the "proposal" being a no go.
The buy side depth certainly markedly disappeared today.
Perhaps a team bonding weekend strategy retreat @ Hakone Inaba Sanso on the saki led to an impulse emailed "offer".
Possibly now being slow walked back by not responding to the appointed sub committee to save face.
Who knows! The company certainly seems in no mind to provide any worthwhile update to all of its shareholders as to status or even potential timing of an update as to the status of the "proposal".
Worringly for the forthcoming FY2024 results the CE of Nokia (a longstanding RAK customer) last night highlighting @ the mobile world congress that 5G investment by European Mobile telco's is still near nil. (Telecommunications being by far RAK's largest segment)
He stated the 33 odd Euro mobile operators have an average 4m customers each as compared to the US carriers who average 90m each and as such, along with strict pricing regulations, don't have sufficient profitable margins to invest in network renewal despite the growing data loads on networks.
GLTA
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