Hi, As the price goes down , the chance of a positive response to the scheme decreases. 50% by number of shareholders and 75% of shares usually needed to pass. Still very likely to pass , but with no cash offer , and a gap between the vote and final implementation , the uncertainty may be another factor against the scheme. If the indicative price drops to near the last capital raising ,there may well be a lot of grumpy individual shareholders about. cheers.
NCM Price at posting:
$26.95 Sentiment: Hold Disclosure: Held