for me, the only way all this makes sense, is that this S249D purpose is to flush out a takeover bid.
why did they lodge the S249D just days before the Revenue downgrade?
Why have they nominated mining executives?
why was the only party with previous history with Yowie, who was originally M/D of Yowie, not proposed as a new director.
there is very clear links between previous YOW board members, and the proposed directors. So why not propose that previous very senior ex-board director?
did these requistioners get the backing of the two biggest YOW shareholders??
all very unclear to me.
the real issue now is that the Control of YOW can change without any premium being paid to shareholders.
How do we know for example, that the cash held by YOW will not in future be directed to mining ventures??
We invested in YOW because we liked the idea of the Yowie product. Just because YOW is not reaching the objectives we were led to believe, does not mean OUR funds should be directed to ventures outside our core retail area. If we want to invest in say mining, we can invest in dozens of companies.
So why nominate mining people??
No- this move is designed to either shake the tree and cause a complete Board change, OR shake out a bidder.
YOW Price at posting:
16.5¢ Sentiment: None Disclosure: Held
(20min delay)
