If you could muster 10% of the shareholders you could call an EGM, find out what exactly where Nido stands financially and whether or not we are being taken for a ride by the board and whether or not board members have had inducements from BCP and I am no legal eagle here but an inducement could be construed as a conflict of interest and this could be seen as a criminal act thereby forcing the ASX to investigate further.
Not sure about this but you might even be able to put a trading halt in place until after the EGM.
This would give a little extra time for any other possible companies to make a counter offer.
Just putting it out there.
NDO Price at posting:
5.0¢ Sentiment: None Disclosure: Held
