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Citibank Deal, page-105

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    ( March 30th 2020 shareholder issue)
    because management ( who have the advantage of greater insights than shareholders i.e they know who they are close to closing contracts with whereas because of commercial sensitivity shareholders do not)

    KTM ventures ( run by a former board member ) were able to take up short fall, whilst NZ holders were unable to participate (lets just say some had the cards stacked in their favour).

    Why was it a defining moment?

    when someone makes something harder to get...the more some others will want it,!

    fp





    Last edited by Few Pennies: 15/09/21
 
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