Flyer...or Fizzer?, page-98

I will attempt to play the ball not the man.....

In an earlier post you said

"The agreement between ODN and Gridcomm was that they require 100% of Gridcomm to agree, which they haven't."

Wrong.

ODN do not need 100% shareholder approval to acquire 100% of Gridcomm. If necessary i.e. the final shareholder doesn't agree, the acquisition will be forced via the laws of the land in Singapore. What do you think is going to happen? On the day before ODN acquires Gridcomm the final shareholder is going to steal paperclips and biscuits to the value of his 6%? ODN will be acquiring 100% of Gridcomm regardless of the final shareholder approval.

You also said:

"The deal is not completed until ODN release announcement saying the deal is completed."

I would rephrase this slightly and agree with you that the acquisition is not complete. I would have thought this would be obvious. There's a boat load of work to before ODN becomes Gridcomm. Months and months of work.

However, the agreement to acquire (or the deal in your words) is complete with or without Mr 6%. That is the important point as it de-risks our investment.