MEO 0.00% 0.0¢ meo australia limited

leave us alone, page-17

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    Salt, there are a lot of companies with a registry like Meo, and a small shareholder there hasn't been able to do what MSMN is planning to do without SH support (even though they are vocal).
    1.) Any entity where one shareholder controls 10.000001% of the shares can prevent a takeover, or voice opposition to proposals, even if the BOD itself owned 30% of the shares. No difference there.
    ii.) I suspect if MSMN want a seat on the BOD the Meo directors would recommend to Meo shareholders a no vote - the typical way things are done at shareholder meetings. So suspect MSMN will fail there too.
    iii.) note the MSMN new bid to Meo shareholders still espouses the risk of tight gas is low, which is crap, and its overstated resource base that hasn't taken into account the current set of economic/technical/regulatory conditions et c etc for actually establishing a p50 and p90 resource base.
    iv.) On the MSMN blog quite funny to note that some of their shareholders have finally noted that the July Murchison drill is subject to funds, which aren't there. Some still think you can drill without money, no wonder the fall in SP there. They were debating this line in the yesterdays prospectus to Meo and its meaning: “”
    Subject to raising sufficient funding, work on the Murchison Permit and drilling is scheduled to commence in mid 2015”” You would think the statement’s intent is pretty obvious.
    v.) June 12 will be interesting. Now suspect MSMN will sell their Meo shares as part of its funding strategy for the Murchison drill, but if not then there strategy is definately a slow kill strategy for Meo.
    vi.) Lets hope for good Meo news in the interim to June 12 that breaks any perceived Meo SP link to the MSMN price, and therefore finally stops this offer dragging Meo down and/or dragging on past June 12.
 
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