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07/08/14
22:06
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Originally posted by chaser459
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If you could muster 10% of the shareholders you could call an EGM, find out what exactly where Nido stands financially and whether or not we are being taken for a ride by the board and whether or not board members have had inducements from BCP and I am no legal eagle here but an inducement could be construed as a conflict of interest and this could be seen as a criminal act thereby forcing the ASX to investigate further.
Not sure about this but you might even be able to put a trading halt in place until after the EGM.
This would give a little extra time for any other possible companies to make a counter offer.
Just putting it out there.
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I think its section 249D of the Corporations Act or somewhere nearby in regards to requesting a general meeting.Have a look below.
http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s249d.html