Merger: Yes or No, page-551

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tt2000

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04/12/23

01:09

Post #: 71246713
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Originally posted by akgo01 ↑

"... these are all really minimal in the grand scheme of things."

This grand scheme being proposed to be implemented is a scheme to takeover Allkem's assets from more specifically small shareholders in the cheapest way. Why do I say that? Because most of us small shareholders won't able to own NewCo shares; we most likely end up owning CDIs. Will you own NewCo shares or CDIs?

That means if this grand scheme proceeds, we small shareholders will lose our full rights (legal title) as shareholders. We will become no more than unsecured creditors. That will put us small shareholders in a very precarious position. Especially to those of us who want to hold for a relatively long time. Why? How?

What if within a couple of years, the NewCo makes another grand scheme which is grander with another US lithium company? That is very probable. Please tell me if it is not. And then as just in this grand scheme where some Allkem shareholders are declared to be ineligible shareholders and their shares are to be sold, the grander scheme will declare the NewerCo will only be listed in the US, and cull our CDIs. What are you going to do then? What can you do then?

A grand scheme evokes sweet dreams. But it may turn out a disaster in reality.

(I will continue my response to you later. I have to go now.)

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You can elect at any time to convert your CDI into a share.

Merger is why I am buying this

AKE Price at posting: $8.48 Sentiment: Buy Disclosure: Held
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Merger: Yes or No, page-551

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