in the past i mentioned that ORN would be a takeover target and it quite possibly could be playing out as we speak.
i am not great on takeovers but for example if Sparta Ag wanted to takeover ORN i am aware to attempt a hostile takeover they would need at least 15% of the stock, or approx 487 million shares.
they recently released a new substantial holder form stating they had 363 million shares, or in other words they are well on there way.
their stumbling block is of course Tembo Capital.
a compulsory takeover would require 75% plus of stock?
anyone out there have knowledge on takeovers?? i and other holders would be keen to hear from you.
ORN, page-3
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1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $109.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 438508 | 2 |
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