ZEN zenith energy limited

So AFTER Zenith is gifted to the Cabal, only THEN can the Cabal...

  1. 5,885 Posts.
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    So AFTER Zenith is gifted to the Cabal, only THEN can the Cabal decide IF they want to lend money to Zenith to pay the special dividend.

    Is it legal (within the scheme) for the Cabal, AFTER the takeover to say 'oh, we have decided we are not able to lend money to Zenith to pay a special dividend'. (in essence saying 'we want to keep the franking for ourselves'). Heck, they dont even need to give a reason, they can just say 'nope, no special divvie'

    I mean, c'mon Arrow, is that not possible. How can a minority holder vote for a scheme which says 'maybe we will pay you, but maybe not - it is at our pleasure'
    Last edited by danhoff: 01/06/20
 
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