In short, thanks to TIC founders purchasing, and many guys up here refused to sell out, RG only reached 88% so he can't do CA.
Many up here believe it has to be a fairer price ( whatever it might be, but has to be higher) so they don't sell yet.
Now, we think that for RG to finish the takeover, he needs to figure out and pay TIC founders a price for their stake and everyone will walk out with that final price.
According to Richard, RG cannot buy anything until the early of January next year (3% creep on rules) or launch another takeover bid without paying extra to those who had accepted in the past take over, by the earliest of June next year.
The delist to many up here is not the major concern, but the fair price is. RG can delist it but for me, that is just burning his own money for no reason. He still have to agree a price with TIC founders and other big parties involved. It does sound a long time but right now, since RG can't buy anything yet so that particular 'forever' time frame hasn't even started yet so I don't know how long it may be, hihihi
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