Well played Maysgr-wish you were on the board of a company I was...

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smartchemist

143 Posts.

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08/09/18

21:38

Post #: 35479739
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Originally posted by Maysgr ↑

Today's announcement is a response to the post I made on 27/8 where I said I had written to the ASX in regards to Realm.

This was to highlight incompetence by Gordon Galt.

I haven't heard back from the ASX, so yesterday I emailed Michael (MD) and asked him if the Chairman (Gordon Galt) was in compliance with ASX Listing Rule 3.19A.

It was unsure whether he had accepted the offer, given his disclosures. I wouldn't have put it past him that he convinced all of his colleagues to accept the offer, but didn't do so himself, knowing a higher price would likely need to paid down the track to win 100% control of Realm.
I will give Gordon credit that he knows when something is a bargain.

It was pretty clear he wasn't in compliance when the updated top 20 came out and he wasn't on it.

Directors have 5 business days to give a change of directors notice to the ASX, so I waited until well after payment would have been made before making a query.

Gordon's errors relate back to his change of directors notices lodged with the ASX on 23/3/18 and 28/3/18.
The first one effectively said he had accepted the offer, and therefore had no shares left.
This was retracted on 28/3 because ownership of the shares had not changed because the conditions of the bid had not been met.
Today's announcement confirming he no longer holds any shares should have been made within 5 business days of 27/7/18 (after the bid became unconditional).

I think i succeeded in making Gordon look incompetent in regards to this situation.

Taurus probably think I am an idiot and trying to be smart, but I don't care.

I look forward to receiving their upcoming offer, and then deciding whether I object or not.

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Well played Maysgr-wish you were on the board of a company I was invested in!
It is because of people like you that I believe we the little guy will have our day in the sun!

RRP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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Well played Maysgr-wish you were on the board of a company I was...

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