I have enjoyed your analyses immensely and look forward to more insightful commentary, but may I suggest that as well we ought to be taking action now before that meeting next Tuesday.
The actions below may be considered simple and naieve by some, but a little man can only do what a little man is able to do in an attempt to have that merger meeting rescheduled. Below copies of my emails to the ASX and ASIC. I urge you all to do likewise. Email addresses supplied.
--- Original Message ----TO THE ASX From: "Fairgopat" To: [email protected] Sent: Friday, February 19, 2010 2:41 PM Subject: REQUEST FOR OIP MEETING TO BE RESCHEDULED
Dear Candice,
In addition to my earlier enquiry seeking clarification on ASX Rule 10.1, another unrelated issue has arisen for which as a shareholder in OIP, I now seek a rescheduling of the OIP/GGX merger meeting of OIP shareholders scheduled for next Tuesday 23rd February for a least two weeks time.
The issue is the takeover bid for OIP announced by Octanex NL (OXX) on Thurs 18/2/10 after the market closed. There is insufficient time between the OXX announcement and the merger meeing next Tuesday (23/2/10) for OIP shareholders to recall their vote on the merger in the light of what appears to be a better offer conditional on that merger not taking place.
Accordingly this OIP shareholder requests the ASX to direct the OIP Board to reschedule the GM for next Tuesday for at least 2 weeks time.
Regards, Fairgopat
----- Original Message ---- TO ASIC From: "Fairgopat" To: [email protected] Cc: [email protected]; [email protected] Sent: Saturday, February 20, 2010 3:47 PM Subject: REQUEST FOR OIP MEETING TO BE RESCHEDULED
Dear Elizabeth Korpi,
This OIP foundation shareholder is unsure in whose jurisdiction it is (ASX or ASIC) to reschedule the OIP/GGX merger meeting of OIP shareholders next Tuesday 23/2/10, because of there being insufficient time for OIP shareholders to consider the takeover bid for OIP announced by Octanex NL (OXX) on Thursday (18/2/10) after the market closed.
There is insufficient time between the OXX announcement on Thursday 18/2/10 and the merger meeting next Tuesday 23/2/10 (only two business days) for OIP shareholders to recall their vote on the merger in the light of what appears to be a better offer conditional on that merger not taking place.
Accordingly this OIP shareholder requests the ASIC to direct the OIP Board to reschedule the GM for next Tuesday for at least 2 weeks.
Regards "Fairgopat"
OIP Price at posting:
7.8¢ Sentiment: None Disclosure: Held