vaild points from 4beanmix. the past anouncements may explain what caused the Board spill:
- Chinese Steel (Xinhua) wanted to control Dynasty but did not want to pay premium; see 30/04/2010 release
- The majority of Board who held little shares voted favourable to the offer, i.e. 40m shares @ 16c + 20m free options @ 20c;
- Tay and his supporters blocked the placement at the EGM 27/09/2010
- Board then placed 15% to Xinhua and appoint 1 Chinese Board Representative, 8/10/2010
- The Board then try to remove Tay, 17/01/2011
- Tay calls an EGM to remove 3 directors, 3/2/2011
So lucky we had only sold 15% cheap shares to the Chinese Steel mill.
- Forums
- ASX - By Stock
- DMA
- Ann: Appointment of Joint Company Secretary
Ann: Appointment of Joint Company Secretary , page-13
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DMA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online