RHK 0.63% 80.5¢ red hawk mining limited

The current attempts to delist Flinders Mine could set a...

  1. 1,946 Posts.
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    The current attempts to delist Flinders Mine could set a precedent for all future company take overs on the ASX, if this delist is to proceed then the current laws of 90% ownership to delist will be no longer.

    All any company will need to do if the future is aquire

    * 50.1% of a company, select their own management and BOD.

    * Instruct the management and BOD to do the absolute minimum.

    * Over a period of time call for a delisting from the ASX via an “Ordinary Resolution “

    * The majority shareholder then uses their 50.1% to have the company delisted.

    Deal done........ no longer a need for ANY company listed on the ASX to require 90%!

    I believe this should be a warning to any shareholders holding shares in any company on the ASX, this could so easily happen to a company you currently hold shares in.

    L4L
 
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