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15/08/21
01:04
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Originally posted by Kensington001:
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Hi there, I bought this a while back and have been caught holding the bag as they say. Was just looking for some recovery. Just ended up ignoring what happened over here given how far down I am on it and focussed on battery minerals. So to my question - understand there is a proposed merger, I read about it when first announced but had too many question....getting closer to needing to understand. Anyone willing to clear my mind on a couple of things (not emotional response - just some clarity) Don't shareholders have to approve - if so why would you when I read a lot of commentary suggesting the deal was not very good for CPH holders ? Can you trade 'anything' representing the canadian company on the ASX if the merger is approved ?
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Likely because most of the shares are not held by retail investors like yourself, so even if all the retail holders voted no, the merger would still be approved