"A majority holding can block a take over cant it Bris thats why they are getting and holding 60% at all times as stated dont you think."
I suggest you read up on Australian taleover law before making any more stupid claims. Boards cannot legally block takeovers. In fact they must recommend any satisfactory offer to all shareholders.
You MUST make a takeover offer once you get 20% of shares.
http://www.takeovers.gov.au/content...mmary_of_takeover_provisions_in_australia.htm
"A majority holding can block a take over cant it Bris thats why...
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