No I don't see why their holding would have to go onto the market in the event of a no CTN vote. NAOS unit holders wouldn't have bought CGA shares, the fund managers did.
As for who is paying it, I would expect NAOS to do a placement to the central stockbroker to fund it. Again, NAOS have been better off dealing with CTN board in this, as would the CTN board.
But NAOS bought up to 13% of CGA right, so if CGA go under, then NAOS write off a pretty sizable investment. Better for them to send money to CGA and sell out of their position while they can, while it is still worth something.
Comes back to your question of which account is funding this, and isn't this protecting NAOS as much as CGA? Everyone seems conflicted, with CTN shareholders the afterthought
- Forums
- ASX - By Stock
- APL
- Is this the most ridiculous sentence ever written?
Is this the most ridiculous sentence ever written?, page-9
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APL (ASX) to my watchlist
|
|||||
Last
15.5¢ |
Change
0.010(6.90%) |
Mkt cap ! $8.756M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.5¢ | $4.379K | 28.25K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 19908 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.145 |
1 | 18000 | 0.140 |
1 | 2659 | 0.100 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 19908 | 1 |
0.175 | 100000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.10pm 16/08/2024 (20 minute delay) ? |
Featured News
APL (ASX) Chart |