As previously mentioned, any merger, TO down the line needs approval of a certain percentage of the shareholder base, mainly the support of the top shareholders.
To deal during negotiations with 2400 shareholders, holding parcels below 500 dollars is a bit of a logistical nightmare and would be messy.
In order to get approval quickly and easily, get your main shareholders on side and push the deal through.
Negotiations with partners would be complicated enough, no need for additional headaches during the procedure.
Another point is represented by the fact that CR was oversubscribed, leaving clients of CPS asking for more skin in the game.
We have secured agreements with suppliers, manufacturing and marketing of a possible AnteoCoat product in the EV market, therefore are well positioned to welcome financial support in form of JV, TO or merger.
Globally recognised battery suppliers would want to roll out a new product accordingly, covering global markets, which needs plenty of money.
It was always clear that management would need such funding arrangements in place should our technology prove viable for our partners.
The recent 'cleansing' procedure of our registry is the prelude of such developments, IMO.
All IMO
- Forums
- ASX - By Stock
- ADO
- Ann: Unmarketable Parcel Share Sale Facility
Ann: Unmarketable Parcel Share Sale Facility, page-58
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADO (ASX) to my watchlist
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.83M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $3.414K | 161.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 384663 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 616353 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 384663 | 0.021 |
12 | 2157550 | 0.020 |
10 | 3040767 | 0.019 |
10 | 1652665 | 0.018 |
3 | 94160 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 616353 | 6 |
0.023 | 857853 | 5 |
0.024 | 1306228 | 3 |
0.025 | 214144 | 4 |
0.027 | 680612 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
ADO (ASX) Chart |