patience i think you are incorrect here. when a proportional takeover bid is made the directors are to hold a meeting of voters for the purpose of voting on an approving resolution. greater than 50% of the votes must be in favour for the offer to be accepted.
so even if a low ball is made you still have to vote No. from the last annual report the TOP 20 only hold 33.5%. so they cant block it by themselves.
4DS - Anything but Charting, page-412
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Last
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Change
-0.002(2.11%) |
Mkt cap ! $172.8M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 9.8¢ | 9.2¢ | $384.1K | 4.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65000 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 10000 | 1 |
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| Last trade - 11.30am 28/05/2024 (20 minute delay) ? |
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Last
9.3¢ |
Change
-0.002 ( 4.62 %) |
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| Open | High | Low | Volume | ||
| 9.6¢ | 9.8¢ | 9.2¢ | 1707453 | ||
| Last updated 11.41am 28/05/2024 ? | |||||
| 4DS (ASX) Chart |