When we read a one page document which outlines an intention ( signal of intent addressed to inactive etc holders ), and the relevant regulatory body’s ruling which allows that intention ( evidence that doing so will result in no regulatory repercussions ), to be carried out meet with ‘Just an fyi, the board are not 'signalling' anything to inactive holders. It is part of their director duties to treat all holdings equally else risk regulatory repercussions.’?
It’s self evident where the confusion lay.
’We will sell certain size holdings and this is the ASX ruling which allows us to do that’ is about as basic as it gets.
Oh well. Thankfully this gives me the chance to note that this action can be seen as a second pincer to the recent CR in the way that both will reduce the risk of any kind of shenanigans by shareholders or shareholder groups which are out to make a quick buck at the expense of the long term success of the project.
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- Ann: Retention Notice - Sale of Unmarketable Parcels
Ann: Retention Notice - Sale of Unmarketable Parcels, page-20
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