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20.0%

0.2¢ 88 energy limited

it’s pretty clear the BOD generally do not listen & continue on...

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Flexmw

46 Posts.

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11/05/20

06:43

Post #: 44540851
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Originally posted by Phrontist: ↑

Regarding XCD, I would suggest simple questions to ask (shareholders) are:
1 In principle do we wish to merge in another business?
2 If the answer is YES, is this a good time, or would we prefer to reconsider in 6 months?
3 If the answer is YES to 1 and 2, is the share swap ratio proposed value from our shareholder perspective?
4 If the answer is NO should this aspect be renegotiated or the whole (DW) Buy XCD initiative be cancelled?

If you answer YES to 1, 2 and 3 then you are recommending to complete existing Offer by DW to buy out at the latest terms.
If you answer NO to 1 and/or 2 then DW's Offer should be withdrawn.
If you agree to 1 and 2, but not 3, then BOD should renegotiate share swap terms. Possibly deferred to last Lab Results announcement.
Equally, if we agree to 1 and 2, but not 3, we are recommending to withdraw our offer without further negotiation.

Or something like this. At the moment 88E shareholders are being railroaded into an unwanted deal.
Is there a way to make the BoD listen?

Phrontist

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it’s pretty clear the BOD generally do not listen & continue on the path they choose, Phrontist you need to back Docmin24 on his thread with regards to referring this course of action to the take over panel, sure he’d like your support.

88E Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change -0.001(20.0%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$4.793K	1.629M

Buyers (Bids)

No.	Vol.	Price($)
102	102378998	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	574437806	231

View Market Depth

No.	Vol.	Price($)
101	102328998	0.002
267	733850469	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	554437806	230
0.004	183140903	112
0.005	56241470	49
0.006	94645548	35
0.007	39555443	23

Last trade - 15.46pm 28/10/2024 (20 minute delay)

88E (ASX) Chart