Thank you for this brilliant post, FnF; it takes up the key problem with the current offer.
I have written to Don Taig asking how the Board plans to deal with this issue of 51% ownership by Shandong and the incredible risks it opens for the company (and its other shareholders) but have had no reply.
I would really appreciate anyone with appropriate legal and/or political expertise advising us on whether this approach is permissible under FIRN legislation. if it is, then I am sure we should be lobbying our politicians to put pressure on the FIRB to make such a determination.
I find it hard to believe that a Board could place the company and it shareholders at such risk without a legally binding requirement such as this. I too await the statement from the Board to tell us how they are dealing with this major risk. if they have not thought about it and/or do not have a robust solution to deal with the risk, then they should not be directors of a public company.
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Last
14.3¢ |
Change
-0.008(5.00%) |
Mkt cap ! $40.83M |
Open | High | Low | Value | Volume |
14.0¢ | 14.3¢ | 14.0¢ | $47.71K | 340.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 583 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 13428 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 583 | 0.140 |
3 | 104622 | 0.135 |
3 | 90732 | 0.130 |
4 | 118328 | 0.125 |
2 | 12000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 13428 | 1 |
0.150 | 54554 | 2 |
0.155 | 6500 | 1 |
0.160 | 107300 | 2 |
0.165 | 54753 | 4 |
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