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Funding source via non-IPO?, page-4

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Lowkeyinvestor

4,800 Posts.

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12/07/23

14:06

Post #: 68749481
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Originally posted by donnybrook: ↑

Just read this interesting article on a news feed.
https://www.msn.com/en-au/money/markets/i-hate-to-bother-you-king-asx-but-there-s-an-unruly-crowd-source-mob-attacking-the-castle-gates/ar-AA1dIhCE?ocid=socialshare&pc=U531&cvid=0dc37f3b06a54317b79eb20961019e8e&ei=13
Crowd funding is being used to raise money for projects without all the hoo-haa connected with getting an IPO up and running through the ASX.
Now, a cunning plan came to mind and I'll put it up for comment. If a number of us who are invested in the MT/JV, use CF to raise money to put in a takeover bid for either CNJ or GSR or both, two things might happen. A bidding war commences, and depending on how much money is raised in the CF venture, the share price most certainly would go up. Or, the CF money buys so many shares at these low levels, we are able to change the BoD. Either way, it'd upset the manipulators accruing 'el cheapo' shares, put fresh blood on the register and get the share price up to a level in keeping with prospects.
Doable or wishful thinking?

db

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I like your thinking db but I reckon it would be hard to get going.

I much rather the upcoming resolutions for performance share issue ratification get voted down as a way of getting the boards attention to shareholders pain.

GSR Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Funding source via non-IPO?, page-4

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