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
FML Price at posting:
6.3¢ Sentiment: ST Buy Disclosure: Held
