What made up absolute rubbish.Nigel didn't spread anything, all...

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19/04/24

16:16

Post #: 73429480
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Originally posted by morningsuits5: ↑

LOL. I have no interest in being on the Board and this whole story about new board members selling shares to the Chinese at a discount is a narrative made up Nigel to protect his position.

This rumor is flawed for several reasons. In Australia, a Chinese (or any foreign) shareholder attempting to acquire a majority interest in a company would likely trigger scrutiny by both the Foreign Investment Review Board (FIRB) and potentially the Australian Takeovers Panel (ATP).

Foreign Investment Review Board (FIRB):FIRB is a government body that assesses foreign investment proposals in Australia.Their primary concern is the national interest, including issues like security, competition, and the potential impact on Australian jobs and the economy.Any foreign investment proposal exceeding a certain threshold (depending on the sector) needs FIRB approval.

Australian Takeovers Panel (ATP):The ATP regulates takeovers and acquisitions of Australian companies.Their focus is on ensuring fair and efficient takeover practices, protecting the interests of shareholders, and maintaining market integrity.The ATP becomes involved when a bid is made to acquire a controlling interest (usually over 50%) in a publicly listed company.

Lastly, if the transaction was structured as a disposal of an asset, shareholder approval would be required.

Nigel knows all of this but spreads the rumor anyway. Maybe stop and consider why.

Do any of the loud minority pushing Nigel's self-serving agenda ever question anything? Or are you all just sheep?

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What made up absolute rubbish.
Nigel didn't spread anything, all of that was grassroots shareholders.
Investigations by shareholders revealed a sinister plot.

You lot were revealed, and laughed out of the AGM.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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