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will such an important vote need 75% approval, and is there a...

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Quamdives

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147

30/06/23

14:31

Post #: 68556146
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Originally posted by WoodySpoon: ↑

They seemed to be striking a more confident tone with this ann today about getting an offer they believe will be accepted, don't you think?

A simple cash offer at an implied 12% premium to LLL SP would surely attract a lot of NO votes...AT LEAST the revolutionary mob. They've got to have something better up their sleeves.....
Only four options I can see.
1. LLL scrip offer - surely gets 100% Yes vote
2. A Euro offtake seeker like Peugeot or battery maker like Northvolt - smacks down a 20% implied premium. - 80% Yes vote
3. An offer with a 12.5% implied premium (from a fund?)- A close vote - could go either way on a 50/50 basis?
4. The standard FFX BOD kind of Euro/Canna shafting of retail - less than 50% Yes vote. No implied threat from me at all, but if they value their mental well being, if not physical safety this would not be a wise move IMHO.

So surely they have in mind one of the first two options above. Can anyone see a car maker paying a 20% premium, on such a large chunk??

Anyone know BB's wishes for distribution V sale?

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will such an important vote need 75% approval, and is there a minimum vote required, ie i think Fooca said our history is only 48% participation..how do we ensure they need at least 75% acceptance? I recon we can muster enough NO’s to prevent a BOD lead A#$ smacking???

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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