Once the remaining 9,874,796 20 cent GWR options have been exercised FAS will only have 22.6% acceptances! NO WAY THEY CAN GET 50% (there will be 110,533,987 GWR heads, only 24,989,678 have accepted the bid)
NOW WHO IS AGAINST THE BID?
~25% already against including Falak, Franckes and the directors who stated they wont accept the offer
+13% the new institutional investors (no investor in there right mind would accept the bid unless they are connected to John)
+~20% small share holders who own less than 100,000 shares
THIS LEAVES ~38% staunchly against the takeover with another 20% also having no reason to accept the offer due to directors recommendations that offer is not resonable leaves ~58% strongly against and 19.4% most likely against with only 22.6% for.
THIS leaves FAS very desperate, harassing phone calls and lying letters didn't work so they have increased their offer from 5 for 1 to 7 for 1, they still have no chance, Kate you used to talk a lot about 1.5 million ounce gold resource now its changed to a cash offer what happened to that? im guessing they wouldn't have increased the offer to 1 for 7 if they had cash to offer, as this increase in the offer gives FAS even less in the proposed merged group.
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- fas only has 22.6 percent
fas only has 22.6 percent
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.09M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 32855 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.074 |
1 | 137136 | 0.073 |
3 | 177776 | 0.072 |
1 | 65000 | 0.071 |
2 | 139285 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 32855 | 1 |
0.080 | 700000 | 3 |
0.081 | 101252 | 1 |
0.082 | 100000 | 1 |
0.090 | 2315 | 1 |
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