@AM27 You are right on this. No change in take over provisions. I guess @taffyjuke is also right mentioning the 3 years period. I shot an email to Peter (com sec). hopefully he will say the same thing. My point of impossible to takeover actually regarding the claim they made in resolution 6 (Ann 13/12/18) page 11. if you look at that, they said proposed new constitution may :
1. enhance the directors bargaining power 2. eliminating possible threat of hostile takeovers through long term planning thus making it impossible to takeover 3. Directors will be able to Advise and Guide shareholder in the event of takeover.
Well that's the gist of it. As I understand and mentioned. In the resolution it is clear 51% vote will pass any resolution. Now if some entity got the controlling share, they can pass any take over. How the directors will stop that?
Baffles me! Hoping any HC member with understanding this will clarify. thanks
4DS Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
