I think the board is trying to use this annual general meeting to reduce Skips hand and ability to takeover the company. I've got a feeling that the BOD, although required lawfully to recommend acceptance of the offer as the courts would rule it as being in favour of the shareholders, don't personally view as being in the best interests of shareholders and themselves and are therefore doing what the can to retain the company and weaken Skips ability/will.
After all, they did announce not to long ago that they were exploring defensive options to prevent a takeover from occurring.
This is in my very novice opinion, but does anyone with more legal/investing experience have a view on this?
- Forums
- ASX - By Stock
- GNX
- Ann: Notice of Annual General Meeting/Proxy Form
Ann: Notice of Annual General Meeting/Proxy Form, page-10
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNX (ASX) to my watchlist
|
|||||
Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $380.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
GNX (ASX) Chart |
Day chart unavailable