Thanks pinto and blairbart for a great summary.
Just keep my comments to the CRE meeting at this point in time.
Based on what you reported, Stone or their legal advisors appear to have completely stuffed up thir chance of being able to do due diligence for a takeover offer.
Instead of coming clean about their intentions weeks ago and making a formal announcement about a proposed takeover, they decided to play ducks and drakes and ended up like the ducks and drakes adorning speciality restaurant suppliers.
Once Brad Hatch published his takeover article in the AFR on Wednesday, they should have immediately announced their takeover intentions so that they at least could legitimise some of the remarks they made today.
Think the CRE Chairman did a great job in serving it up to the Stone legal advisor.
If the tap on the shoulder to the FML CFO was done publically, then you can bet whatever support Stone had from CRE shareholders walked out the door in an instant.
Just hope the FML CFO gave the Stone legal representative a colonoscopy in that private room.
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1 | 7400 | 0.135 |
4 | 135286 | 0.130 |
2 | 25576 | 0.125 |
2 | 90833 | 0.120 |
Price($) | Vol. | No. |
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0.165 | 4616 | 1 |
0.170 | 111060 | 3 |
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