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The only shares which would be in doubt according to the ASX...

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Green Hornet

8,216 Posts.

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20/11/19

14:17

Post #: 41532088
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Originally posted by ChrisBond: ↑

I am sorry but I dont own share am not [down] ramping just want to bring some critical thinking to the discussion, based on understanding of how these things play out.

But when someone says something that is so ridiculous it cant be ignored
”Everyone knows their ownership .... that wont change”

What do you think happens if 30% of the share capital is cancelled ? The other 70% of shareholders have claim to the whole of the business so yes the ownership changes dramatically - ironically in a very good way for small shareholders BUT if this is what transpires the management team are ruined and the business sustainability is in question so here’s hoping all the speculation is incorrect......

Yes it may be a takeover target of the share price tanks but not at its present price......to much risk around revenues and profits - sustainability and growth may not be there so Venture Capital will only pay 10 x earnings for the carcass

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The only shares which would be in doubt according to the ASX would be the C shares so that means 10% roughly would be changed NOT 30% as easily met the A and B shares

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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