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5.6¢ norwest energy nl

Thanks - We need the drill to get going -- amazing nothing from...

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gulf

1,423 Posts.

29

03/03/23

09:58

Post #: 66577996
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Originally posted by andyno3: ↑

So best and final offer. mm
so if we continue to hold he wont get to 90% and be able to delist NWE.
Only way that can happen is if he makes a better offer,Which IMO he would be best to do before the well completion.
I'm lead to believe that due to the rules of % owned CE wont be able to get rid of the 65% rule. as the stipulation around this is that Min may not be able to vote. as it is most definitely not in the company's best interests that being NWE.

(Note: where there remain minority shareholders in a company, the company’s directors cannot favour the controlling shareholder over the others because the directors have a duty to consider the interests of the company as a whole. Further, related party dealings that require shareholder approval will likely need to be approved by the minority shareholders alone, with the controlling shareholder(s) excluded from voting.)

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Thanks - We need the drill to get going -- amazing nothing from the directors -- how they stay on I don't know.

NWE Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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