FXR 0.00% 0.2¢ fox resources limited

proportional takeover approval

  1. 398 Posts.
    Just some points of interest
    There were two SPP with cheap offering - Terry Streeter did not buy prior to those - when he could have for almost a half of what he has paid for

    He then sold 5million dollars of WSA (which is going good)
    Increases his stake in FXR through 1.2 million on market trade plus loan conversion

    That is an amount of shares he cant sell down in the immediate future 6 to 9 months in a small company like FXR straight without tanking the price --unless he is faced with a takeover offer

    Then in a week puts in this announcement of AGM with the "SPECIAL BUSINESS; Resolution 4 – Amendment to Constitution to Re-insert Proportional Takeover Provisions"

    The urgency with which Mr Streeter Placed his trades last week was quite noteworthy and if he had done them slowly he would have ended buying more cheaper. I think he wanted to buy before this AGM notice was out.

    I MIGHT BE ENTIRELY WRONG BUT I THINK THIS INNOCUOUS LOOKING AGM NOTICE IS THE MOST SIGNIFICANT ANNOUNCEMENT MADE BY FXR FOR SOME TIME - ANY THOUGHTS
 
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