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sabine

17,957 Posts.

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16/11/23

01:14

Post #: 70927312
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Originally posted by DrowningNotWaving ↑

Your URL appears to be silent on the question of "professional or sophisticated " investors.

I am more than happy to be corrected, but a "professional or sophisticated" investor does not necessarily need to be able to clear trades, which is what I interpret your URL to say.

www.money smart.gov.au/glossary/sophisticated-investor indicates one only needs to earn AUD250k per year to qualify as such. which is a pretty low hurdle tbh

my 2 cents, ymmv, dyor

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Try this link for a more specific definition as it applies to this situation DnW
https://asic.gov.au/regulatory-reso...25-takeovers-false-and-misleading-statements/

Cheers

TMT Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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