Fordtin.
I am pretty sure in how the t/o situation & rules
apply.
From memory if a company makes a T/O and it does not
succeed in the time allowed, they then can ask for a
extention, once this extention has been used twice
without success, the Co attempting the T/O can not
aquire any more shares for a twelve month period.
They then can resume the T/O, but I am sure it is
usually at a higher bid, if not successful, then they
can use the extention process again twice if need be.
those extentions are 3 month periods.
Once the 90% threshold is reached they can compulsory
aquire the rest of the shares.
I remember Cleveland Cliffs pursuit of Portman Mining
they finally succeeded after about four years.
The final offer was abouy $13 more p/s in the end
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Fordtin. I am pretty sure in how the t/o situation & rules...
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0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.63M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $3.985K | 498.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 4714476 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 1967527 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 4714476 | 0.007 |
5 | 1618942 | 0.006 |
3 | 5780000 | 0.005 |
2 | 10500000 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 1967527 | 4 |
0.009 | 5387446 | 7 |
0.010 | 6818743 | 11 |
0.011 | 5148150 | 5 |
0.012 | 5973472 | 5 |
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