FML 3.85% 13.5¢ focus minerals ltd

a good sign for the to perhaps, page-4

  1. 85,656 Posts.
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    hi recyug,

    I was speaking to someone on the weekend about this associate voting thing.

    It just seems crazy if associates are not allowed to vote.

    What if 99% of shareholders agreed to a takeover (that makes them all associates) and 1% didn't?

    By Stones hopeful thinking - only the 1% could vote on material matters?

    How dumb is that?


    As to Stone making a superior offer before the 31st - wow, possible, but fraught with danger I would have thought.

    There is no way they could have done dd in this short space of time even if they had access to the books - and to my thinking (I could be wrong) but I would have thought a bidding war would be a dangerous game.

    Also - if Stone come in with a superior offer - isn't that only relevant to shareholders who haven't accepted yet?

    Only exception would be if fml extend beyond the month or if a shareholder hasn't accepted yet.

    Do I have this last bit correct?

    have a great day

    Pinto
 
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