AIO 0.00% $9.13 asciano limited

ban non-renounceable issues?, page-10

  1. 1,398 Posts.
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    Vote "NO" to Rowsthorn's attempt to have his $194 million conditional placement approved at the forthcoming EGM.

    In defeating this motion he will lose absolute control of the company and gets the message loud and clear that his days are numbered. Giving him the ability to control in excess of 10 per cent of the stock takes any takeover interest out of play on the stock and further depresses the share price.

    Rowsthorn did this deal with his white knight insto mates only on the proviso that he got to join in on the joke and pluck massive dollars out of the pockets of the existing retail investors.

    Now it's our turn to return the favour.

    Any retail investor who doesn't vote "NO" to this conditional placement at the forthcoming EGM is a deadset dill.

    Stagman
 
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