You guys are right, as the bid went unconditional within 30 days of it declared unconditional the shares should have been issued to ALL acceptors. Given that no appendix 3B announcement has been released detailing the full issue of the required number of FAS shares, this has either not occured or FAS has forgotten to issue the Appendix 3B it is required to by law.
End of story. FAS rips off the little guys yet again. Rumour has it a complaint to ASIC is being prepared right this moment to address the lack of disclosure around the increase in FAS relevant interest changes, the inconsistency in the lack of issue of FAS shares to ALL who had thus far accepted the offer before it went unconditional etc etc.
I can imagine that any corporate advisor would know these basics and have advised FAS of these requirements by law. This is either incompetence or more likely (and more seriously) deliberate flouting of the takeover laws.
The fact that FAS are being so blatant about it makes it all the more easier for ASIC I would imagine. Gives them ample excuse to investigate if you prove your own negligence through your own public announcements.
Cheers
UIO
- Forums
- ASX - By Stock
- fas extention means failed
You guys are right, as the bid went unconditional within 30 days...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GWR (ASX) to my watchlist
|
|||||
Last
7.5¢ |
Change
0.001(1.35%) |
Mkt cap ! $24.09M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.3¢ | $21.90K | 298.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 137136 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 137136 | 0.073 |
3 | 177776 | 0.072 |
2 | 115000 | 0.071 |
2 | 139285 | 0.070 |
2 | 275000 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 700000 | 3 |
0.081 | 101252 | 1 |
0.082 | 100000 | 1 |
0.090 | 2315 | 1 |
0.100 | 91375 | 2 |
Last trade - 15.41pm 30/08/2024 (20 minute delay) ? |
Featured News
GWR (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online