"It’s almost certain we will go backwards again this year" – Roger Wallis.
"NZX has a great opportunity here with a new CEO to clear house and remove the absolutely horrendous negative sentiment felt towards it. If it fails to do so, the next best scenario is that ASX buys them."
The rescheduled listing date has been and gone.
My guess: they have not hit $10m, but they may try and lock in a smaller amount and then try a listing. The CEO and CFO have a major incentive to list even if at the expense of shareholders.
A possible reason for Tegel's share plummet.
If you thought that was curious you should check out institutional trading patterns in advance of large parcels of shares coming off escrow.