AGS 0.00% 17.5¢ alliance resources limited

$74m offer accepted, page-273

  1. 12,259 Posts.
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    Just over 10 million shares traded since the announcement. That's about 2.5% of the shares probably moving from the hands of disgruntled retail holders to "unknown" parties that place an 11-12cent value on the stock.
    Probably also a kick in the guts for an move to try and roll the board by the small retail traders. There goes about half of our threshold in the last four days.

    I can't see how any shareholder can be happy with this outcome, least the long suffering retail shareholders, but even institutional investors would have to be disappointed with this board. Would love to see a move by anyone to have them rolled. Why be voting on the sale 4 mile, the board has always been the issue here, the vote should be about whether they stay or go.

    I want to read that judges opinions. The shareholders paid for the judges opinion. Let us read it.

    Eshmun
 
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