Gareth - my hand writing is far too good for me to be one of you...

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triage

4,278 Posts.

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10/03/24

16:01

Post #: 72832436
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Originally posted by Gareth: ↑

Well said, well put Triage (are you a FACEM? btw, only that is would know what I mean) and I do agree with everything you have said.
And those other biotech companies one in software another hardware and another yet in blood products have all taken 10-20+ years to get to where they are.

My 5% refers to being a substantial holder, and thus have to put forward ASX notice, but see you're 2nd level thinking about board room tactics and corporate activity.

WRT to takeovers:
Note that when it comes to voting, a large number of share holders (some say up to 80% of share holders, NOT 80% of votes) do not vote in the case of takeovers. And yes for a full compulsory takeover they need 90%. 10% combined from a combination of 2 or more shareholders would work to foil this.

The other number is 75% need for a special resolution - scheme of arrangement I belive - so delist but you can be still a shareholder (or that might be 50%)
Sorry have to refer to the book each time I take part in these (been personally in 20+ takeover activities).

This has been by hand book which I often refer to for different changes of control.
https://www.allens.com.au/globalassets/pdfs/sectors-services/ma/takeovers-handbook.pdf

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Gareth - my hand writing is far too good for me to be one of you guys . I adopted the moniker in the sense of information rather than healthcare. Also, I have a soft spot for triadic structure.

Thanks for the link, and yes, the big law firms are a great source for explanations of some of the more technical stuff.

Last edited by triage: 10/03/24

EMV Price at posting: $2.60 Sentiment: Buy Disclosure: Held
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0 Great analysis

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