minority shareholders will be up that creek without a paddle.
1) I think they will immediately relinquish all interests in service contracts expect Galoc Oilfield.
2) all current board members will resign including CEO, staff sacked. they will put their own people in. totally reduce all expenditure
3) we'll have no other activities going on now and in the future.
4) who would want to buy shares in a holding company, that's doing sweet bugger all. sure cash will be coming in each quarter, but they'll be doing zero.
5) share price will drop dramatically after cut off date and they don't get company, this will give them a chance to buy cheap as all offers would have closed. no more 5.5cps..
6) as a shareholder you can not do a thing.
7) I think you could say we are up sh*t creek.
I will be glade to take them off my watch list.
think carefully.
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NDO Price at posting:
5.4¢ Sentiment: None Disclosure: Held
