Ann: Supplementary Bidder's Statement, page-9

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Chillicop

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12/07/19

10:22

Post #: 39489898
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Originally posted by jake0002: ↑

I wonder why ANYONE in their right mind would accept ANY scrip bid offer from ADIT, or any company in that group.

why would a shareholder agree to swap a Yowie share, representing 10c-11c in cold hard cash backing PLUS a revenue producing business which is stated to become EBITDA positive in the near future, for a piece of paper with virtually no liquidity, crap assets, and the only reasonable asset being the very Yowie shares that shareholder has just relinquished ???

crazy stuff.

why hold a diluted % of a YOW share if one accepts the ADIT piece of crappy paper, when you can hold a 100% of a YOW share if you hang on to your Yowie share?

ADIT will add nothing to the value of Yowie. They will strip the cash out of Yowie, and add nothing to the business. That cash will not go back to the holders of ADIT scrip. It will be used elsewhere, and disappear in mgt fees, consultants fees, "performance fees" etc etc.

We won't be able to sell the ADIT scrip, because it is illiquid. ADIT are not listed on the ASX.

So you simply cannot just sell quickly on market.

The only way to sell ADIT scrip is by way of redeeming the units.

Have a go at that. Good luck.

The redemption is at the pleasure of the board of ADIT.

Look at their record.

Have a look at the record of the Aurora group, Keybridge group of investments. Try say MEL (Metgasco for example).

They recently stopped redemptions I think.

Why would ADIT be happy to redeem units for the thousands of new ex-Yowie shareholders, when to do that, they would need to sell AIDT assets to raise that cash.

These types of bids are just a mirage. They prey on the gullible. The so-called consideration of 9c p/share is that mirage. Crazy stuff imho.

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100pct agree. crazy to accept. say bye to your cash if you do.

Last edited by Chillicop: 12/07/19

YOW Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
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Ann: Supplementary Bidder's Statement, page-9

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Ann: Supplementary Bidder's Statement, page-9

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