By the looks of it if the plan is to take out minority share holders at a big discount to fair value, the longer she waits now the harder the job gets.
Feels like the shares just get accumulated now by stronger hands who plan on continuing to vote against the current board, and discount the shares trade at is not getting larger.
So as time ticks by might just be more meetings with a higher number of votes being recorded against management, meanwhile her capital just gets sit there doing nothing. If she gets her current experts to invest it might even be worse. Who knows what happens to franking, every day we wake up to a story about tinkering with Australia's tax policies. Just feels like LC is allergic to wanting to make money. Seems like common sense what she should do but common sense is not so common these days.
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By the looks of it if the plan is to take out minority share...
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