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20.5¢ minotaur exploration ltd

Actually, this is bugging me....that last reply...."Nothing is...

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786 Posts.

1058

07/02/22

11:30

Post #: 59401651
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Originally posted by jonkl: ↑

reponse from selfwealth:

It doesn't matter when you accepted it, there is a schedule of dates when things happen, so you just need to accept it prior to the deadline and on the date of takeover it will all happen in CHESS in the backgroud
the acceptance offer for this remains open until the 14th of Feb.

Then my question:
So are you saying that selfwealth customers can and will still be able to trade their MEP shares even when they accepted the takeover bid, until the offer closing date of 14/02/22?

selfwealth response:
No, don't trade them, that will mess with the takeover. The offer is open until the 14th so nothing is going to happen prior to then

We're not the market participant, so we are at the mercy of a 3rd party sorry.

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Actually, this is bugging me....that last reply....
"Nothing is going to happen until the 14th?"

Actually, if ADN get another 20-30M in the next few days and Selfwealth are holding up another 30M then that STOPS ADN from beginning the compulsory acquisition.
Once ADN are at 90% the deal is done and they start buying the last 10% the next day.

Maybe there are other smaller broker/advisors doing the same thing. I'd give ADN a call and let them know.
Maybe they can speak to SW or Computershare/ASX to fix this?

MEP Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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