In my understanding, there is a powerful reason a shareholder with say 22% would not join the Board of a Company is that if the Board decided that it would offer all minor shareholders say 10c per share to acquire all shares in that Company, but the 22% shareholder believed the shares are worth say $1.00 each, that 22% shareholder would be required to sell all their shares at 10c each. Remember all the former Board members sold their shares to TIO (NZ) Limited for 2.5 cents.
FMS Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
