Ann: VR8 increases project interest in Steelpoortdrift to 82%, page-21

I dont even think the 10cent placement holders would come to the party and then there's matrix, why would they relinquish their hold , [[ 9.99% ]] to deal with whoever, they already have a plan in place with people they trust and i dare say dont want to rock the boat ,, the company is worth 10 x 10 cents // stranger things have happened thou //// plus i could be wrong but whoever tries the takeover must be close to a 30% stakeholder. Nobody close to that at the moment, and the directors have alot of skin in the game, they wouldnt come to the party either, you wouldnt think

As a general rule, a mandatory bid obligation arises if a person, individually or acting in concert with others, as a result of an acquisition, obtains more than 30 % of the voting securities of a target company. The top 20 shareholders own 55% All my take DYOR