Schmoove....takeover could be a pipe dream....
Let's assume we are just dealing with suspension and recompliance.
The company has to have an AGM to ratify the change in activities, sign off on farm purchases and agreements on potential CR if required. This meeting is anticipated end of this month - should have notices shortly. Then the first two farms, if agreed at meeting will be purchased. Followed by the other three late July early August.
However, if we do need to recomply with chapters 1 and 2 which looks likely - the company will need to re issue a prospectus, comply with rules relating to changing of company activities ETC in which case the likely timeframe under this scenario is generally two months - therefore mid to late August likely re listing is a possibility.
Exact same scenario happening at CR8 right now...
All going well, could return very green
