The big buyers have gone, and we now have the rats and mice....

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w27

2,698 Posts.

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19/04/23

12:17

Post #: 67353037
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Originally posted by 2ic: ↑

ChatGPT haha... I like it, AI come to HC and a reminder the world is going to change big time, overall for the better imo.

I noted the last paragraph that reminded me of the 'Truth in Takeovers' legislation which has teeth and holds all companies, investors, players involved to a high level of scrutiny and to account on what they say vs how they act during a TO (whether or not they are related to the TO bidder).
If a company acquires shares in a target company to block a scheme of arrangement, it may face regulatory scrutiny and potential legal action if it breaches regulatory requirements or engages in market misconduct. Therefore, companies must carefully consider the legal and regulatory implications of their share purchases during the scheme of arrangement process.

So juxtapose that statement next to @Bailey241 post https://hotcopper.com.au/posts/67332885/single that MIN was deliberately specific about not making any TO offer for WGO and maybe the lack of any similar position with ESS might be instructive? Hope so...

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The big buyers have gone, and we now have the rats and mice. However, we still have good volume and a nice increase in price, even with the big buyers gone. This looks very promising.

ESS Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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The big buyers have gone, and we now have the rats and mice....

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