Ann: Notice of General Meeting/Proxy Form, page-89

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JoeGambler

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13/10/21

11:01

Post #: 56760859
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Originally posted by naomhan: ↑

"we the shareholders".

Seriously, you don't speak for all shareholders. I'm quite clearly anti-JK, and still considered voting in favour of the demerger, just so that I could get out and wipe my hands of it.

Anyone who thought JK was innocent voted "for".
If you think JK is guilty, then it's not a clear "against" vote. Demerger likely gets him off the hook regardless of what is found in the ASIC case. But demerger also allows us to be done with it. Gives an exit strategy, rather than waiting for another 2 years.

In terms of timelines, I'm predicting second half of 2022 for a listing on another exchange. If it was likely in the coming few months, we'd already have a likely exchange lined up, and would have spruiked it. Doesn't appear that there's been a lot of takers so far.

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the demerger is arguably first and foremost a legal defence strategy to avoid the brunt of any negative outcomes from the ASIC case. As any observer taking a step back knows there is no new listing, only indications and informal promises, and if there was it would be sung from the roof top.

I am still scratching my head thinking is ASIC really going to allow this to go through? It rolls the perf shares (which ASIC considers were obtained in illegal circumstances) into a new entity, outside of their juristiction, and leaves the entity they are taking action against as pretty much a shell.

lets wait and see if anything happems re: ASIC in the next 48hrs now the demerger is formally approved

Last edited by JoeGambler: 13/10/21

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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Ann: Notice of General Meeting/Proxy Form, page-89

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