All you say is true except the directors have stated they "have not progressed the paperwork as approved by shareholders at the AGM until after the re-organisation-restructure-deleveraging has been completed .This is expected to occur before 22 OCT? ".
Therefore you still have your stapled security and whatever we're owed(share of $420m+ )as a bargaining chip in any outcome or restructure or issue of new shares.
Old Ron & co must be laughing their socks off at the situation.How easy it would have been for someone else to snap up 20% control for less than $20m.If only they had read the complications of a buyout/takeover so simply and the power tied to those stapled securities to be a spoiler in other than a liquidation
AEJ Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
