Ann: Scheme Update, page-5

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07/05/20

09:03

Post #: 44479260
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Originally posted by danhoff: ↑

Well, there you go. My reading is that OPT will like to have their interest (17.5%) just transferred into the new Zenith ownership. Seems to me everyone wants to OWN Zenith, but does not want to pay. I am not really sure this sort of thing is fair dinkum.

Arrow, you better get on the phone and tell PEP you want to have your shares transferred into the new PEP owned Zenith.

I will guess (I hope) that OPT then become part of the 'roller' shareholder group, or perhaps a new group. Then Arrow can also end up in his own group.

Maybe, then, in the end, my tiny vote will count. As I will be the only one left in the regular holders. (well maybe a couple other holders will be left with me). Let us be called the Leftovers Shareholder Group

So the scheme will only pass with a YAY vote by the various groups

1) the rollover holders group (Graham, Hamish, Doug)
2) the new turncoat OPT/ICG group
3) Arrow group (I recommend you get onto the blower and negotiate some sweet deal)
4) The Leftovers (including Hoff)

What stinks is we have a company being undervalued and undersold on a matey deal(s). The losers are the pi$$ weak holders like me. Remember, the price is the price. But if every Tom, Dick, and Harry can get a better price, aside from the leftovers, then that is a bit of a scam.

I know what to hope for.... 'The Hoff' group needs to be established. I await management to give me a call and offer me a sweet deal so I can stab my other shareholder friends in the back. NOT HAPPY, DAN!

Expand

Let's say that there are 9.5m shares available for the Hoff Block.

And we need to get to ~21.3 million (numbers to be confirmed) to force the ICB to listen.

Gareth, did you write that you'd received an updated shareholder register?

ZEN Price at posting: $1.02 Sentiment: Buy Disclosure: Held
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Ann: Scheme Update, page-5

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