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2.6¢ cellnet group limited

At least 75% of all shareholders need to turn up to vote and the...

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silsol

3,464 Posts.

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15/05/23

08:59

Post #: 67769874
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Originally posted by Rampaul: ↑

I think it suggests that it's 75% including them.

The bid could go higher depending on independent valuation assessing scheme price is too low. But given likelihood that company may need a heavy dilutive raise to survive would not be surprising if 2.7c gets assessed as fair.

It's hard to see anyone else making a bid given wentronic could block, so I see only way higher bid is dependent on independent valuation or an amazing minority campaign threatening to block ala RAP recently, but that was a more open register.

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At least 75% of all shareholders need to turn up to vote and the vote needs to be at least a majority(50+%) of Yes votes. Will 100% turn up to vote? Nope.

CLT Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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