That is a very simplistic view and only valid if he intended to sell out his stake. For argument sake lets suppose that as part of a merger/takeover he was to be offered the top job + $x.m above current salary + x amount of shares as performance bonus which would work out at say 5x your "every ten cents" but every year for the term of the contract ?
Would that make any difference ?
A lot of sharks out there so fear of low-ball takeover offer is well warranted. The real question is what is in it for shareholders and why now when we are near the finish line ?
We will end up listed on Singapore exchange ? Whoopty-doo.
We are in sight of ASX300 and would get be a shoe in next time there is a rebalance so the bs about more interest from instos is just that, bs.
I'm not worried about any low-ball offers because I can always say no to that but I am worried about getting scammed out of a good long term investment on the verge of a lithium boom. Who is to say that once they get control of the company it won't end up like TLH ?
Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-204
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