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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Open | High | Low | Value | Volume |
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---|---|---|
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1 | 7400 | 0.135 |
4 | 135286 | 0.130 |
2 | 25576 | 0.125 |
2 | 90833 | 0.120 |
Price($) | Vol. | No. |
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0.170 | 111060 | 3 |
0.175 | 11067 | 2 |
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