Grubby, Grubby, Grubby

IMHO, if we non-Todd shareholders ever needed further evidence that the board of FMS was NOT acting in the best interests of ALL shareholders, then this is it.

How can it possibly be?

Just which shareholder can be better-off with the proposals put forward???

I can think of only 1 !!

The Delisting proposal is a farce!

Because the ASX only requires the vote under an Ordinary Resolution, so Todd can vote its 55%.
So the Delisting proposal will pass.

There are SO many issues wrt these proposals.

But the most basic one, is that with a Delisting, non-Todd shareholders will lose the hugely important safety net provided by a Listing on the ASX.
All those Disclosure Rules safety net, the Qtrly Reports, and all sorts of other requirements which FMS has to comply with.

If you think we get no info now, then just wait till FMS is delisted.

The bottom line here, is that Todd could not obtain unfettered control of PIOP by 2 attempted Takeovers, or the sleazy Option Agreement, or by the Alliance Agreement, so now they are trying to do it via a grubby backdoor arrangement.

MAKE NO MISTAKE -- EVERY SINGLE NON-TODD SHAREHOLDER WILL LOSE UNDER THESE PROPOSALS