Before you rush in and try to get the 5% to wind up the company I suggest the proposal be thought out in more detail to get it right. If you do not do that it will not succeed and the worst outcome might be that the EGM is called, voted down and cost shareholders $20000 plus.
Zman's idea of going for the board rather than windup might have merit. Afer all do we know the details of the management contract and the cost to CTN if it were torn up?
A managed liquidation of assets combined with periodic capital repayments might make sense. Also what are the tax implications and the way to optimise them?
Before you rush in and try to get the 5% to wind up the company...
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Last
42.5¢ |
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0.005(1.19%) |
Mkt cap ! $62.71M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 15.51pm 29/11/2024 (20 minute delay) ? |
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