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14:34
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Originally posted by COD
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Originally posted by AzInAsia
@COD can you please explain further why MMJ are required to divest HVT - I simply view those guidelines you’ve referred to are simply regulations on significant holders divesting/increasing their holdings - a notice of intention has to be lodged prior to transaction and a 1 week window applied to said transaction.
As for the 20% rule - I read that as the same as the ASX regulations - any entity/individual or company taking a stake of >20% in an Australian (or in this case Canadian) listed company has to lodge whether or not they have intentions of a takeover!
As MMJ already held 30% of HVT and clearly not in the business of running individual MC companies etc (LIC) I don’t see the relevance?
AIMHO!
Hi AzinAsia, my apologizes if I caused you or anyone else (Squizzed) some frustration re: regulations regarding HVT divestment.
I can now see that I was comprehending the wording all wrong. I have a lot of respect for long term bloggers with an interest to keeping us informed. Keep up the great work & I hope we all see the Hi green in 2019.
All the best. Keep well & safe over the festive season.
COD
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Kudos to you @COD - alternative narratives on a public forum should all be explored if presented without malice - that’s how we all can learn!
