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4.5¢ atlas iron limited

Fairness - General Points to Consider, page-31

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Albertnumajira

415 Posts.

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18/04/18

21:00

Post #: 32539219
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Originally posted by Killa68 ↑

@saracenm - the recent scheme of arrangement for AOH was a "unfair but reasonable" call. Unfortunately I have seen many others as the definition of reasonable is extraordinarily wide..... so a bid at say 40% of the independent valuation can be reasonable according to the experts. I would call it robbery.

Also can I once again ask people to stop thinking 10% vote against this deal will work - it won't. This is a scheme of arrangement, not a normal takeover where the 90% level leads to a compulsory acquisition. They need 75% of all votes (shares) cast and also 50% of all voters (shareholders). If they get 76% of shares voted and 51% of voters then the deal is done.

If this offer is to be voted down, you need to get all the small holders voting against it as its a pure numbers game.... total number of shares will be irrelevant.

Yes i am voting No.

Cheers

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Totally agree with you regarding the voting been saying it to members for awhile that its not only the voting of shares but also a head count so we need to get all the mum and dad shareholders to sign up as soon as we can no matter how many shares they have email to [email protected]

AGO Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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