ODN 0.00% 0.0¢ odin energy limited

Deal completion and pending documentation, page-58

  1. 6,165 Posts.
    lightbulb Created with Sketch. 2346
    @Stocks78,

    This was posted in STT last week, as a response to Techmeister question to Stt thread.

    --
    "....
    Here are some thoughts from watching the drama:

    Rto was ann a few months ago, Terms ( shares to be issued to gridComm owners) were never mentioned. Murky?

    A few months later, we are none the wiser:

    gridComm owners already know how many shares (post-consolidation) they will be getting, BUT not odn shh (owners)
    Why?
    Consolidation of existing odn shares ( ratios ? - 1/10, 1/5, 1/3, 1/x ?), deciding the fate of odn sh/h is still unclear.


    Qns:
    Will odn shh end up owning 5%, 10%, 20%, ?% of gridComm - is the key question.
    Is this fair and reasonable?
    What were Directors doing and thinking,... for the 'best interests' retail Odn sh/h?
    Is this ASX compliant?
    Will ASIC investigate this?

    Take care
    glyco
    17629142
    --

    PS
    Technology looks good; if uncertainty ( of share consolidation) can be resolved soon and fairly to Odn shh, then all is well, imo.
    Last edited by Glyco: 06/05/16
 
watchlist Created with Sketch. Add ODN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.