If it is absurd, and instead of just throwing out barbs, I would be more than interested on how would you interpret them?
Particularly (iii) below .......
~ Firefinch Limited are not permitted to:(i)dispose or, or agree or offer to dispose of, the escrowed shares;(ii)create, or agree or offer to create, any security interest in the escrowed shares; or(iii)do, or omit to do, any act if the act or omission would have the effect of transferring effective ownership of control of the escrowed shares.The act being, if FFX is sold and/or becomes a fully owned subsidiary of another company would have the effect of transferring effective ownership of control of the escrowed shares, would it not?
or Leo Lithium's Constitution in regards to the restricted shares (escrow) and/or ASX enforcement of the those requirements (as described in the LLL constitution) in particular:
~~
the Company must refuse to acknowledge any Disposal (including without limitation, to register any transfer) of Restricted Securities during the escrow period applicable to those Restricted Securities except as permitted by the Listing Rules or the Exchange;or the ASX Guidelines on restricted shares (escrow) and/or eligibility for them to have a waiver applied . .
I am still puzzled why everyone thinks that Firefinch is for sale though, doesn't fit the information in the Managing Directors letter:
~ quote "Once the Company is up to date with its periodic reporting obligations,
it will then engage with ASX as a priority regarding the suspension of the Company's securities and the on-going requirements for quotation on ASX, including taking into consideration FFX no longer funding the Morila Gold Mine. The Board remains mindful of shareholders' desire to realise any retained value in FFX shares they hold."
@GARETH78 I am pretty sure I have never said that FFX can't be sold in any of my posts? My interpretation of the rules/guidelines of the restricted securities makes it look almost impossible.
cheers
