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13:54
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Originally posted by Astutebusyguy:
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I agree with your sentiments and after keeping abreast this site all day and taking it all in i think the following scenario may play out....The BOD vote for us to accept this offer because they are complicit in the situation and in too deep now.a class action will succeed because they have been acting counter to the interestsA class action actually starts and takes time to roll through the court systemOf course this is speculation but in the larger scheme of things with a "Fire Sale like offering re todays announcement " from TODD who are tied by contracts to perform or pay up, of course they are going to try to wriggle out of the situation. In what ever form they can and why not use the FMS BOD as scape goats. The only other option they have is to go to court to get relief from the contracts their clever highly paid lawyers drew up for them under Australian laws.
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If shareholders consider that the Todd offer is worthy of consideration in my opinion it is not until asic or other government body should notify Todd that under the current 60% ownership of FMS has to be reduced to no more than 40%, and, that Todd cannot hold anymore than two members on the board and an independent can only hold the chair, if we as shareholders do not get something of that order I will vote against, “if” they want no risk then they sell their excess to another buyer, they bought cheap enough so they will not be out of pocket, it is a win-win for them.
Originally posted by Astutebusyguy:
↑
I agree with your sentiments and after keeping abreast this site all day and taking it all in i think the following scenario may play out....The BOD vote for us to accept this offer because they are complicit in the situation and in too deep now.a class action will succeed because they have been acting counter to the interestsA class action actually starts and takes time to roll through the court systemOf course this is speculation but in the larger scheme of things with a "Fire Sale like offering re todays announcement " from TODD who are tied by contracts to perform or pay up, of course they are going to try to wriggle out of the situation. In what ever form they can and why not use the FMS BOD as scape goats. The only other option they have is to go to court to get relief from the contracts their clever highly paid lawyers drew up for them under Australian laws.
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