"CK, how do they get the "whole asset cheap?" Buy on market? If they do this it will be reported and the share price will take off. So that doesn't make a lot of sense. "
They could try stringing the payment out a bit longer while a friendly " arms length " buyer or buyers soak up the J.P Morgan holding ? as long as they stay under 5% they dont have to lodge a sub holder notice.
Timeone then pays up the balance and put up a hostile take offer 40C per share subject to receiving minimum 50% acceptance.
Time one have 30% the friendly traders cough up the JP Morgan holding for a profit and then they probably only need 10% of retail punters to fold their hand and they sack the board and have control of the company and access to all the product via their off take agreement.
If they fall short they sweeten the offer to 50c ! and its done and dusted ?
For those that haven't seen it here's the link to Mt Gibson and the complex web of links that the Chinese use. The BVI registered company smoke and Mirrors that Timeone hide behind is not a confidence booster for this type of scenario to be avoided.
MT Gibson take over attempt here !
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