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Have seen 'invalid' s249d's over the years. The Board hires...

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Shinji Ono

222 Posts.

5

24/07/17

21:07

Post #: 26050854
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Originally posted by Jezzy ↑

If u look at the register and see behind the entities you will realise that the dealmakers and their related savvy investor circle are all over the T20. They hold too much of this shell to give it up. It's too good! All the more so when they can roll the board very easily given their overwhelming ownership.
I suspect the 249D got rejected by the board on a technicality. What exactly, I'm not sure, but In my opinion they will correct it and come back. The directors own very little indeed and the T20 is dominated by related parties to excellent dealmakers and those dealmakers themselves. Directors have no chance at stopping it imo and churlish to even try. Just frustrating to shareholders, but not for Long I'm guessing

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Have seen 'invalid' s249d's over the years.

The Board hires legal advice and tries to stall.

But the competing party will always be back with another s249d notice.

Management is just delaying time. The board replacement is more than likely to happen.

ETE Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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