MTC 3.13% 15.5¢ metalstech limited

Ann: MetalsTech - Substantial Shareholder Transaction, page-73

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  1. 1,031 Posts.
    lightbulb Created with Sketch. 2703
    So, Gino and directors are the only people with Complete Insider information on the progress of the strategic Sale process...

    Gino and directors are the only people who know what other offers have been made other than TMF offer..

    Gino and directors are the only people who have talked to all those parties who just conducted site visits and been involved in negotiations..

    So, if anybody is a lawyer out there, can you explain how they can Sell there personal holdings at 53c without disclosing anything about the other bidders, other than saying there has been a successful outcome after finishing Due Diligence recently in the quarterly report ?.


    https://hotcopper.com.au/data/attachments/6428/6428192-27fed44c45b47768ba388a23255d0f9a.jpg


    So how could they sell unless they are full 100% confident that all shareholders will be able to sell ABOVE 53c ?

    I think the fact our Directors have sold at 53c with there Full INSIDE INFORMATION of the sale process and we have no clue means they are 100% confident all shareholders will receive at least 53c or higher..


    rolleyes.png



 
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