what if someone else wants a take over let's say sand fire as example and we get an Offer let's say at 40c BUT the board rejects this for whatever reason mostly to keep there jobs....this would need to go to the shareholders for a vote...
now what if apac or L1 has a interested party with there power that can vote in favour of a to.. this what I'm trying to say having this many shares does not make sense for 1 board member to have a seat.. having wining the vote on Thursday is not going to turn things around in any shape or form... this is a test if they win they know they can vote in favour of a to..to me that makes sense
no one cares about the board at this stage but the assets that's what is at value ppl can always be replaced
Ann: Change in substantial holding, page-63
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $326.2M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 36.0¢ | $736.9K | 2.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 615495 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 31152 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |