Ann: Response to ASX Query, page-226

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Maverick1975

2,261 Posts.

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12/02/18

14:54

Post #: 30997111
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Originally posted by Nanday ↑

Totally agree, having gone through the sale of a company and being aware of the sequencing of things - you don't go straight to lawyers when you have no offers. What are they hiring them to do if there are no offers on the table? (I know that the non-holder negative squad will immediately seize on this and say that they need lawyers to fight class actions, or to fight Fidelity who want their money back, etc. etc. blah, blah, blah).

My opinion is that they will keep asking for extension of suspension - until they come out with an announcement about a takeover and its a done deal, which can happen without the small retail investors having to say yes because they are the minority. If they go back into trading, I think this thing will swing like a pendulum, creating such volatility that it might hamper negotiations that are underway for a takeover. At the present time what is known is that Fidelity agreed to buy in at $4.00. The last traded price was 2.92 and it has traded as high as 4.30. These are firm details that can be used in takeover negotiations.

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Hey are hiring them as a PR stunt - why do they need defence lawyers when the management control the company. Its ludicrous and a calculated distraction. Why is a takeover any more likely now than 2 months ago....

GSW Price at posting: $2.92 Sentiment: None Disclosure: Not Held
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