Sorry to hear that your takeover "Acceptance Form" was rejected by Computershare but i can hardly say i am surprised.
It was evident that HQ Mining were trying to avoid receiving more than 50.1% of GCR shares, now why would that be?
(Computershare/HQ Mining) were rejecting larger holdings and this can only demonstrate their intentions were suspect.
One can only assume HQ didn't have the money to fill its obligation to GCR shareholders who were accepting the offer over and above 50.1% and as it was, acceptances were well over 76% meaning HQ need to find more cash approx $2.150 million over and above the 50.1%
Those awaiting cheques might find it difficult to get answers as to where the cheques are currently at.
I am not saying they will not receive them but i would be worried if i didn't receive them by tomorrow (Friday) and by Monday at the very latest.
Good old Heron (and the Canadian's) might need to chase up the money with the same vigour as they so desperately demonstrated by accepting the pittance of an offer (they surely could have held out for more) they might now have to fight for.
ASIC will no doubt become involved should HQ Mining default and in any case, there are some anomalies that should not be.
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