AGO 0.00% 4.5¢ atlas iron limited

Some speculation from my side: Let’s say I own 19.9% of a...

  1. 128 Posts.
    lightbulb Created with Sketch. 21
    Some speculation from my side:

    Let’s say I own 19.9% of a company and am weary of making a move on obtaining some more shares as I need to make a TO;

    OR

    I have made an offer for a company but the majority of current holders don’t accept it and the share price trades pre-dominantly above my offer price.

    May I, without getting into any trouble with ASIC or ASX do the following:

    Speak to my friends and tell them to buy shares in this company (at the higher price) which I will buy from you either at break even or a small profit? Think if my friends buy at 4.3c and I eventually raise my offer to say 4.5c- I would have automatically gained some momentum towards increasing my shareholding and my friends would make a nice profit- For every friend that buys 100 000 000 AGO shares they will make .2c per share that’s $200 000 in a month (or 4%, compounded a silly number) for them, but I get more than 1% of the company ?
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.