ANS austsino resources group limited

You are dreaming, mate. Those noteholders (forthcoming...

  1. 10,370 Posts.
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    You are dreaming, mate. Those noteholders (forthcoming controlling shareholders of 68 per cent in SDL) are reputable large fund mangers/financial institutions (Nobel, Senrigan, DE Shaw, Wafin and BSOF). Those noteholders has also make commitment not to sell their shares for a specified period of time (those forthcoming new shares to be issued for those noteholders will be placed under escrow).

    Please search those big names in google. At the same time, please go through the company history, executives profile, balance sheet and income statements of ANS, and net equity of $2.6 million at 30 June 2017. There is an additional $3 million raised recently. Can you imagine that how much ANS's shareholders will be diluted to raise fund to make another strategic investment?

    If the suspension of ANS and trading halt of SDL are interrelated, ANS is more likely to end up paying a high premium for SDL shares if they want to obtain more additional shares of ANS . If I am a member of the SDL board and forthcoming 68 controlling shareholders of SDL (Noteholders), I will say "sorry", you can buy more shares at a high premium price or leave it. However, future is uncertain. Anything could happen. Lol.
 
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