DNA 6.06% 3.5¢ donaco international limited

Ann: Reopening of Aristo International Hotel Casino Operations, page-128

  1. 4,427 Posts.
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    ok, these are the wording. Release 13 August 2019..

    this media release is to appoint Yan Ho Leo Chan and Kurkye Wong as directors of the company.

    "As announced to the ASX on 24 June 2019, ASM's subsidiary On Nut Road Limited ("ONR") acquired a relevant interest in 158,574,603 shares in the Company ("Shares”) on acquiring certain secured bonds (with security over the Shares having been granted in respect of those bonds). ASM has informed the Company that ONR has entered into an agreement on 12 August 2019 to acquire the Shares at A$0.14 per share, and that the acquisition of the Shares is expected to complete on or prior to 9 September 2019."

    my understanding, 24 June 19. They acquire relevant interest in the shares on acquiring the secured bond... the word "acquired" suggest to me that they've already paid for the secured bonds.. it already happen.

    Then on 12 August 19, they enter into an angreement to acquire the shares at 14 cents. So, something like collapsing the secured bonds and receiving the shares.

    now unless they've already paid for the secured bond and guarantee to the holding secured the bond.. why would the ASM allow to be appoint as directors of the company.

    ok, lets look at this scenario.. if i enter into an agreement on 12 August 2019, and the acquisition of the share in not expected to complete until 9 september... would the company appoint me as a directors straight away, without waiting to see if i actually acquire the share on 9 september ?? i don't know of any company would appoint directors without making sure they have the shares to back them up.

    This is unless, the ASM guys already have "security over the shares having been granted in respect to those bonds". So they must have already paid for the bond.

    also on 24/06/2019 and 25/06/2019 there was a notice of initial substantial holder.... unless money exchange hands, no way would they be filling out substantial holder notice.. because if you haven't yet pay for the shares.. its not your yet.

    notice how the acquisition of the shares happen on 20/06/2019.. then on 24 June, straight away. Donaco signed a bindng agreement with Mega Bank, and so maybe there is some connection between Mega bank and ASM... the world was inform of the mega bank refinancingat 9:17am, then of the ASM acquisition at 6:56pm on 24 June... this suggest to me Mega bank knew of ASM involvement with Donaco before the market knows.. otherwise why would Mega Bank refinance, it is just too much of a co-incidence.

    i think there's a connection between Mega bank and ASM.

    mega bank is a subsidiary of mega financial holding.. i wonder how many share of mega financial holding does ASM hold ? ASM is a USD $1.7 billion dollar hedge fund.

 
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