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Once they reach 90% its compulsory at $1.40 If not then you are...

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ndpjai

1,800 Posts.

23

26/06/23

11:58

Post #: 68469235
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Originally posted by kotek01 ↑

Not sure why you're insisting that the next offer (if they don't get to 90% now) will be at a lower price. To a large extent small shareholders (like myself) will be dependent on what the fundies do, as they hold the balance of power here. If they fold now, then there is no discussion, and we will all get $1.40. (But I am happy, that it will be in the next financial year, so that I can delay the CGT.)

But if they hold out (expecting a higher bid), then why would they accept a lower price in a few months time? No, if anything, those large shareholders will drive the 2nd offer price higher (to a level that they are happy with). Whatever price AF agrees with them, will be the 'final'price.

Otherwise, the company will remain having minority shareholders.

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Once they reach 90% its compulsory at $1.40
If not then you are a minority and then it could both positive say fixing all issues and grow substantially say in 2-3 years or negative say dilution and behind the scenes back room discussions
I've sold half and only half remaining will sell probably in the new FY. GLTAH but its all over guys

MCR Price at posting: $1.40 Sentiment: Sell Disclosure: Held
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