Maybe we could imagine a story or scenario where there is simply no plan B due to a "yes" outcome being the only choice acceptable to a board and management....otherwise a trip to the naughty corner for them all.
What if the information within a Scheme of Arrangement document that was deemed "fair and reasonable" by the Independant auditer was perhaps short on the true valuation? Like multiples short?
At some point after a company's desired "yes" vote didnt get up then subsequent new directors and management would no doubt find out there was a situation where shareholders and the market had been kept in the dark, not informed as they should
A board and management who colluded to such a "scheme" in cohoots with an imaginary commercial bank could then be doing everything it could to slow the process
Perhaps spend time trying to find a plan B that is at the bottom of a very very deep hole
Checkmate! ;0)
CTP Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
