AQO 0.00% 27.5¢ ambassador oil and gas limited

What does this mean?"The Company also wishes to advise that it...

  1. 3,719 Posts.
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    What does this mean?
    "The Company also wishes to advise that it has been in discussions in relation to a potential
    change in control transaction. At this point these discussions are no longer continuing and have
    not resulted in a proposal being tabled for the Company’s consideration."

    Change in control to me says, someone has offered to buy enough shares at a particular price to gain control. But what is control - 20% or 51%.

    You'd think SXY and BPT would be watching this closely.

    Interesting?
 
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Currently unlisted public company.

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