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Ann: D&Ds proposed divestiture for Link acquisition consultation, page-74

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Cryptonium

157 Posts.

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29/08/22

12:22

Post #: 63381453
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Originally posted by Beachcomber4: ↑

After talking to Lawyers these past 5 days I am withdrawing legal action.
It got down to you guys in the end.
You shareholders, who voted yes the 98% cannot join in any class action as you have agreed to their proposal.
The 2 % who said no would only amount to a $22m class action which needed to be $200m.

I believed in this board, am a substantial shareholder and a long term holder.
Now I don't trust anybody. I probably am going to sell all my holdings and go in a different direction.

Some retail shareholders spoke to me after the meeting about Jack Tilburn who I was informed passed away some years back.
Last time I met Jack was at the Origin AGM he asked me to become his apprentice.
I was informed he lived at Dee why and taught kids metal work at a school at Cabramatta
Jack lived his life helping kids.
How this country has changed, shareholders will take what is offered.

Another Australian Company sold to a foreign entity. Soon it will be hard to find an Australian company !
This time at a discount to its value.
Government don't give a dam. ASIC will allow it through they probably scared of legal action.
I have read the experts opinion (Deloitte )and they valued Link at $4.33
Strange how they picked years the share price collapsed to determine the price.
The Thursday after the meeting the combined share price of Link and Pexa 42.8% was
$1,353,336,000 (Cap of PXA 42.8% )
$2,242,000,000 + (Cap of LNK )
= $3,595,336,000
/ 512,987,000 shares
= $7 a share
I asked the Chairman why shareholders were not paid any consideration for Pexa.
He considered a specie distribution but said Tax department would require a 80 - 100% distribution
So changed his mind.

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I thought you bought in for the quick Take Over play (buying around $4)? Might be mistaken. But jeez if I am not... you need some serious retrospection in this game pal.

We saw recent WuFlu crash prices, we have a $4.80-ish offer, fantastic play if ACCC gives the go ahead.

As for those continuously pondering PEXA... zero comments on that channel.

Bring on the takeover as soon as possible thanks and we will move onto the next play.

LNK spiv directors have moved on.

LNK Price at posting: $4.35 Sentiment: Buy Disclosure: Held
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Ann: D&Ds proposed divestiture for Link acquisition consultation, page-74

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