I must say that I cannot follow all the reasoning by some posters here, now that the sp is heading south.
The vote on April 8 is a done deal IMO. The Board will vote its shares in favour and will bring other major holders along with them. Mum and dad holders may say what they like but the NO campaign won't have anywhere near the numbers.
Why do I say this? Because when other companies that I have held have been in similar situations i.e., needing shareholder approval for something, if there is a strong NO vote it has been because one or more major shareholders has made their NO position known and they have actively called others on the registry to garner their support. In BLT's case there has been no lobbying for a NO vote that I am aware of. This tells me it is a done deal and both the Board and the new investors know it.
This means there is absolutely know need for the new investors to force the price down in a effort to secure a YES vote.
- Forums
- ASX - By Stock
- BLT
- Ann: INVESTOR PRESENTATION
Ann: INVESTOR PRESENTATION , page-37
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)