Don't think for one moment that Okapp would not have stitched up a significant poison pill.
Remember, they own next nothing and control the stock by virtue of the consultancy agreements.
EG 200sqm of office space at 100k a year for the next 5 years (ccc would sublet the space from Okap) Secretarial services at say another 200k a year for 5 years PL's 600k a year consultancy for another 5 years plus directors fees JB's consultancy every year plus directors fees Employing ones spouse, niece, siblings
plus the rest
These are only examples.
The only way they would give up this little rooster is if they where going down the gurgler.
For anyone to consider a TO the Australian management rights alone, would be close to 10 mill before you even bought any stock.
Someone could still do a takeover without buying a share, don't kid yourself about a takeover.
Unfortunately nothing in it for shareholders (maybe new management)
Cheers
CCC Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
