PDY 0.00% 0.7¢ padbury mining limited

fel / chinese deal, page-15

  1. 13,191 Posts.
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    onslow

    Let me make this clear, a substantial holder carries a minimum 5% of the votes and they couldn't even raise the 5% required to call a GM. So it's highly unlikely that manipulation exists between a substantial holder and the acquisition proposal.

    The current board has unprecedented support from shareholders and to that end the proposed takeover will be invariably overturned by sheer numbers.

    It's called people power!!!
 
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