"they end up unable to sell and she does not have to acquire their shares."
WRONG
I have just rung the hotline (1300-853-598) and been told that, under the combined provisions of the Corporations Act (6A) and the Bidder's statement (5.9/10):
- Hancock Prospecting PL needs a relevant interest of 90% to deregister AGO from the ASX
- if Hancock Prospecting PL achieves a relevant interest of 90% and proceeds to deregister AGO, Hancock Prospecting PL can compulsorily acquire shares,
but it must do so at the same consideration as the offer (i.e $0.042).
This means that if you continue to hold to the bitter end, hoping to get a better offer, and it doesn't eventuate, you will still be guaranteed the current price of $0.042.
Note to punters who are still holding:
There are some 3-4 scaremongers on the AGO forum who do not hold, but continue to post negative sentiments and erroneous information. I can't for the life of me understand why people who don't hold a stock would waste their time trying to scare other punters, maybe they get off on it, who knows, but do your best to ignore them.
GW
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