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Ann: Right to buy out remaining holders, page-81

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RedTerritory

2,986 Posts.

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30/08/18

14:24

Post #: 35297246
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Originally posted by Van88 ↑

I suppose out of the goodness of their hearts they can but why would they? That just dilutes their holding - they have already stated their intentions and if they were going to trade again the cap raise would have been done when they owned 85% of the company not waste millions buying out other share holders at $1.35

they want 100% ownership that's quite clear. If they do a cap raise they need to do it for 16% of the company. They already own 96%. Would be a lot easier to get the report done, offer us $1.62 (assuming its the same value) and own 100% of the company.

I would love for it to trade again but they still need to meet the ASX free float rules which isn't happening.

Unless the TOV panel steps in and says "no we are approving this do a cap raise to satisfy the 20% free float" there's no chance of this trading and there's no chance they would say that.

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or they could just sell 16% off to allow a 20% free float

RRP Price at posting: 8.5¢ Sentiment: Hold Disclosure: Held
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