That thought crossed my mind, MQG won't be in this for the long haul, most likely they will accept offer or make a side deal with BCP for there shares. Management already made their deal w BCP and are doing nothing to look for a better offer.
Think it's check mate and us minor shareholder are the ones left in the dust. Do any of you guys know if the board requires more than 51% vote to issue new shares or perform a fund raising?
I dont understand how a director can act in what is clear, for their personal benefit, and to the detriment of shareholders, and get away with it. Isn't there an authority in the ASX that would investigate these types of deals?
NDO Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
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