daylight robbery, page-7

  1. 104 Posts.
    We must stand together, Aussie shareholders have over 11% of the stock and must join with UK holders (like me).

    Follow the UK thread at iii:

    http://www.iii.co.uk/investment/detail?code=cotn:ENK.L&display=discussion

    Email [email protected] with your holdings

    I am trying to get Proactive investor both in UK and Oz to take up the story. Any ideas anyone else has to get publicity on what is going on please go for it.

    Important Info

    1) This is a contractual offer. DMCI offer will be offered to shareholders. IF SHARE HOLDERS DO NOT APPROVE (meaning accept the offer) then that would count as NO vote. So basically if a shareholder does nothing it will be counted as NO. So to vote no, simply do not accept the offer which you will get from your broker

    2) Initial condition of the offer is 90% accepting the offer BUT IT CAN BE CHANGED. This is very bad news as this can be changed to 75% and even in some cases to 51%. How, when and if this will be changed I don't know. I think people selling today and yesterday has done a big damage as DMCI have more then 50% now.

    The key thing is not to sell and not to accept the offer. Ultimately we may end up being compulsorily purchased, but they cannot offer us less than they already have - we have nothing to lose and everything to gain.
 
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