I have been in touch with Abby MacNish, CFO/Company Secretary. She's informed me that the notice of meeting contains information and conclusions of the review of the transaction by the advisers. I have 2 problems ... 1. There's reference to analysis by AE Advisers who have basically provided an independent review. But we don't get access to that report!!!!!! In other words, we have zero idea whether their conclusion is that this is fair/reasonable or not. Why is this not made available? How can investors - the owners of the company - form an informed view of the transaction? Ultimately the directors are saying 'maaaaaaate, just trust us'. 2. Problem number 2 is what I've been banging on about all along. See the pro-forma balance sheet below. Pre transaction we have $12 million in inventory (ie stockpile). Post-transaction we have zero. That's because it's now owned by the acquirer. For which we get a 4% royalty. This is just outrageous. I don't want a 4% royalty. I want 100% of $12 million. I will be attending the meeting on the 27th. (Who seriously convenes a meeting for the 27th December?). I urge all shareholders to do so and do not be shy in asking questions, I won't be shy.
- Forums
- ASX - By Stock
- Ann: Notice of General Meeting/Proxy Form
I have been in touch with Abby MacNish, CFO/Company Secretary....
-
- There are more pages in this discussion • 14 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 TI1 (ASX) to my watchlist
|
|||||
Last
0.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TI1 (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online