Ann: Appointment of receivers and managers, page-119

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maxybro

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31/08/19

17:50

Post #: 40262317
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Originally posted by apom: ↑

The sudden influx of extremely vocal and knowledgeable trolls reminds me a bit of when the takeover of atlas iron occurred a year or two ago.Chris Ellison of MIN put in an insulting lowball offer of about 3cents per share, and suddenly there were loads of expert trolls on the AGO forum, saying the world was ending and anybody who didn't take the 3c a share offered by min would lose all of their money.I,m seeing some of the same names here and on the AJM forum spreading doom,gloom and despondency and pretending to be "protecting " shareholders from the uprampers.

Anyway, a subsequent takeover offer from gina offered about 4.2 c if I recall correctly, so anybody who listened to the trolls and sold for 3c lost over 25% of what they would have got.Whereas it still was not a great result for AGO,letting trolls persuade you to part with your cash for 25% less than you could get is also not great.

What will happen with A40 I have no idea,and it doesnt look good at the moment, although it looks like once again somebody is trying to get control of a business on the cheap, shaft shareholders and lo and behold, the trolls are out in force spreading their expert opinions and knowledge.

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Receiving a low ball takeover offer and appointing administrators might be slightly different scenarios with very different potential outcomes.

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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Ann: Appointment of receivers and managers, page-119

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