FMS 0.43% $1.17 flinders mines limited

delist, page-8

  1. 129 Posts.
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    Hi IW,

    I wish, you are right. But how you are so confident that delish will not happen? As per the asx listing rule, delist can be decided under ordinary resolution unless it falls under couple of exception cases and fms current condition does not fall into two of those exception (e.g. major share holder already put up a take over offer and delist notice coercing to accept the take over offer etc). Ordinary resolution means it will pass through just with tod's vote.


    Yes, it's all planned and carefully executed to grab 350m shares under 7.5c and which is unfair. Board blamed market for liquidity but at the s same time they deliberately wanted Mr market avoiding fms by not promoting fms actively to market. Yes  it's all unfair, but who will take them to court or putting a legal  notice or injunction like the russian lady did against the russian company trying to takeover fms earlier. Is fmsu doing something for which we all can participate?


    Your thought please.


    Regards akamal 

 
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