AGM australian governance & ethical index fund

1000000 trade at 1.105, page-26

  1. 5,227 Posts.
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    Seeker,

    While ever AGM is publically listed, the only way they can access the ZFX cash is by a script issue.

    If ZFX get 50.1%, then they will have board control. How ZFX use that position, I don't know. In thinking about it, It may be quite difficult for them. They will have an obligation to the minor shareholders as well as ZFX. Sometimes these two could be in conflict. They may make the decision to reduce debt and pay back the loan. I suspect that ZFX/OXR will organise things so that eventually they get control. It may take a little time, but they will work at it.

    The tactical decisions will always be driven by the ZFX strategy, within the obligations that directors need to adhere to.

    Horse
 
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