Hi Float - Why? To me, "keeping a lid on it" has all too often...

Hi Float - Why?

To me, "keeping a lid on it" has all too often been the reason why shareholders (in a general sense) have missed out on large potential gains. They wait until AFTER something big and significant happens before they start to discuss matters - most especially negative type matters like compulsory takeovers. But, due to the statutory time lines involved, they simply run out of time and the deal is done. They suddenly find themselves surrendering their holding for such a large and unfair discount...simply because they either didn't understand what was going on, or they blindly accepted the Board's recommendation.

On the contrary, I think the whole purpose of this type of forum is to discuss what is happening in a Company at any one time. Importantly, we all know everyone has their own interests at heart (rightly or wrongly) and it is for this reason the merits of potential options and plays by other parties etc should be discussed by those who are interested.

I started this particular thread because, in my opinion, the biggest threat to shareholders now is a potential takeover. The SP is clearly way undervalued (from whatever angle!) and CXX therefore looks ripe for the picking.

I would have thought most shareholders' ambition is to maximise their holdings (otherwise why would they bother?). IMO, out of all the possible options for this Company, a takeover is the least likeliest to achieve that ambition. Who in their right mind would leave up to 80% of their potential money on the table? Crazy stuff.

If the consensus is to get rid of our shares (ie - more than 90% of the holders), then instruct the Board to SELL the Company ... as opposed to accepting a takeover.