The current attempts to delist Flinders Mine could set a precedent for all future company take overs on the ASX, if this delist is to proceed then the current laws of 90% ownership to delist will be no longer.
All any company will need to do if the future is aquire
* 50.1% of a company, select their own management and BOD.
* Instruct the management and BOD to do the absolute minimum.
* Over a period of time call for a delisting from the ASX via an “Ordinary Resolution “
* The majority shareholder then uses their 50.1% to have the company delisted.
Deal done........ no longer a need for ANY company listed on the ASX to require 90%!
I believe this should be a warning to any shareholders holding shares in any company on the ASX, this could so easily happen to a company you currently hold shares in.
L4L
- Forums
- ASX - By Stock
- RHK
- A warning to all shareholders everywhere
A warning to all shareholders everywhere
-
-
- There are more pages in this discussion • 25 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 RHK (ASX) to my watchlist
|
|||||
Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $160.8M |
Open | High | Low | Value | Volume |
80.5¢ | 80.5¢ | 80.5¢ | $1.24K | 1.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.0¢ | 2368 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2531 | 0.790 |
1 | 16200 | 0.760 |
2 | 5573 | 0.740 |
1 | 1309 | 0.700 |
1 | 7246 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.890 | 2368 | 1 |
0.910 | 20000 | 1 |
0.980 | 10000 | 1 |
1.000 | 1812 | 2 |
1.030 | 5500 | 1 |
Last trade - 11.02am 12/07/2024 (20 minute delay) ? |
Featured News
RHK (ASX) Chart |