JS:
""""On the other points, if they get effective control, they would need to create a mechanism, such as issuing in (just as an example) $10M shares to themselves, call them the new "A-Class" shares and assigning 10x normal divvy to them."""""
As janti alluded, that would be oppression of the minorities under the corporations law. But there is nothing stopping them from retaining the profits for expansion and increasing mine life, instead of paying hefty dividends.
This issue has been thrashed around a lot, and so to appease the dividend-dreaming holders, I will say no more!
_______________
appease = pacify or placate (someone) by acceding to their demands. lol
- Forums
- ASX - By Stock
- just quoting
JS:""""On the other points, if they get effective control, they...
-
- There are more pages in this discussion • 233 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online