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22/02/15
15:07
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Originally posted by NomadAUS
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just received a phone call from somebody representing COK.....
He was trying to sell the Prospectus to me with a smile in his voice.....well I explained to him how I feel after loosing 86% of my money to a Management which told me fairy tales for the last six month at least.
He actually agreed and was very polite afterwards and did not try to convince me otherwise.
He also told me that I'm not the only one he spoke too today telling him how they feel about the deal; all calls were like this and apparently no take up.
I feel ashamed to say that I got sucked in not only by BND but also by COK; will never ever invest in coal again, unfortunately I also work in that industry....double sucker punch again.
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They need shareholder approval (ie taking up the offer) to legitimate the deal with Noble and Liberty. Otherwise, if no one takes up the offer then the deal remains illegal.