GXL 0.00% $5.54 greencross limited

Ann: Registration of Scheme Booklet with ASIC, page-4

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  1. 77 Posts.
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    I wanted to initially, but I changed my mind.


    You are stuck with no liquidity forever until this thing either IPOs again or is sold.


    Plus you are a minority shareholder with some dodgy class of shares with no power.


    I don't feel like reading the entire constitution and share deed to find out what dodgy stuff they put in there, but I would say that it would probably not be a good idea. Happy to be proven wrong though.


    Pretty obvious statement from the auditor too

    "While no conclusion has been made in relation to the Mixed Consideration Options, if GrantThornton had assessed the fairness of the Scheme based solely on the Mixed ConsiderationOptions, we would have concluded that the Scheme is not fair to Greencross Shareholders."

 
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