I'm willing to predict at this point that the board will do very well for themselves when they recommend Yibin's control transaction by scheme of arrangement.The way I see it - step 1 - the choak (over the roads) remains in place. AVZ was born choaked.step 2 - the block over the share price by a blocking stake is now in place (which keeps everyone not Yibin and associates (including secret associates) out. And the share price capped. And just the final step 3 - Buy the board (give then incentives) completes the takeover by stealth after the choak and block are used to control the share price (slow roads and expensive infrastructure - the choak) and bring about a series of unfortunate and unpredictable setbacks.Pretty much nothing shareholders can do now in my opinion - by the time the company is taken over by a scheme of arrangement this forum will be praising management for their good call to accept a scheme of arrangement - just like the KDR board did with WES. In my opinion.
- Forums
- ASX - By Stock
- AVZ
- Ann: Results of Meeting
Ann: Results of Meeting, page-19
-
- There are more pages in this discussion • 38 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 AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online