Ann: Change in substantial holding, page-120

First 120 Last

Share
Profile

Follow
Beblue

15 Posts.

09/10/18

21:16

Post #: 36058543
Share

Originally posted by motobooger ↑

The whole campaign has been an attempt to strike fear into shareholders. I must have received 10 offers in the mail..I've got about 3 recently that have been sitting there unopened. It's a clear sign of Gina's desperation but the tactic has worked for her.

It's likely that she'll eventually get what she wants as the majority give in..but there is a chance we may end up in a better position if it takes some time to play out, as there are many complex legal issues surrounding takeovers.

I don't blame people for selling early, particularly if they were in the green...but personally I'm happy to wait another year as it's already been quite a few and my average is around 7 or 8c.

The most frustrating thing is when you look back and remember how the last capital raising was being promoted at 5c..once again I was suckered into participating. It's these very scenarios that give investors little to no faith in partaking in capital raisings or even trusting management in ASX listed companies.

Time will tell if the ASX finally decides to hold up its credibility by protecting minority investors, or if it drives them away from the game altogether and we are left with a hedge fund/algo driven marketplace like the US.

Expand

Thank God! Motobooger....thank you for your in put!
There are some shareholders still holding.....
I am still going to hold out as long as I can ....
If auto acquisition takes over ..so be it...
But, resistance, not total ignorance as stated by some...
What is another year....just time!

AGO Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

HotCopper Highlights: Your most watched and most discussed stocks this week

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge