The Mosman T/O offer refers to Mosman and ASSOCIATES must obtain 90% of shares. ASSOCIATES is a bit vague.... red herring....
The T/O will fail as Mosman will never get the 90% of shares required (at the current offer) hence the Board can recommend all it wants but, in this case, the Board has no direct influence on the outcome - it is not as if they own even 1% of the company themselves...
Can we expect yet another offer by MOG who are desperate for cash? Yes, IMHO.
Adl
The Mosman T/O offer refers to Mosman and ASSOCIATES must obtain...
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