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63.5¢ black cat syndicate limited

Ann: $60m Funding Package to Drive Black Cats Vision, page-62

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Aviza2913

1,044 Posts.

96

27/09/23

13:17

Post #: 70052030
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Originally posted by worzel1: ↑

With such a large stake it's a virtual take-over. They only need another 10% for full control and they can accumulate that quite easily - and legally - over the next couple of years......or there might even be another company located in room 303 that already has a nice sub 5% stake that has been accumulated in the recent price collapse. Either way there will be no takeover-premium and no-one other than this group/entity will be taking over the company.......With a 40% stake will they really just sit back as a passive investor, when the benefits could be significantly greater if they gain control?????......If more capital is needed when they have control, small shareholders can just be diluted into oblivion.

In the absence of more information - and not saying this is fact, just a big risk that wasn't there before - this is enough to convince me not to go back in at this stage.

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Appreciate your input. However, not sure how they can take over this company for no premium with 40% holding? Exercise significant influence yes, but forcing the Board and shareholder approval to accept a 22c T/O for example, no. Unless I am missing something?

BC8 Price at posting: 21.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 63.5¢		Change 0.000(0.00%)		Mkt cap ! $281.6M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	3800	72.5¢

Sellers (Offers)

Price($)	Vol.	No.
63.0¢	30121	2

View Market Depth

No.	Vol.	Price($)
2	3800	0.725
3	4678	0.720
3	14300	0.700
1	850	0.690
1	3000	0.685

Price($)	Vol.	No.
0.630	30121	2
0.635	20000	1
0.640	58826	2
0.650	73124	6
0.655	7580	2

Last trade - 16.17pm 28/10/2024 (20 minute delay)

BC8 (ASX) Chart

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