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@naomhanThe beauty about everything you post it’s always easily proven wrong with factual evidence.
A quick check on this ridiculous post quickly uncovers anyone can obtain a copy of the shareholder register for a fee to market unsolicited financial offers to shareholders. ISXFEU doesn’t have to approach this company for an offers to be sent out to shareholders.
So you quote “ Our directors literally approached them, and asked them to do an offer sheet. The directors would've answered questions, run them through the plans and the finances, and the offer came in at... 7.5c (in the old)” is just your opinion, made up without any due diligence.
ISXFEU for a start wouldn’t be discussing business plans with any outsiders. Also it would be remiss of JK not to mention this Alternative Liquidity Capital offer to shareholders as it’s so public. The main reason for updating shareholders would be to state they acknowledge this offer and to also state the companies position which is what they did. Providing a link with the details (disclosure) if anyone wanted to follow up is relevant. Think about it everyone’s going to know about the offer once it mailed to you, so no use not telling shareholders and being upfront.
“ISXPlc is aware of the offer from Alternative Liquidity and recommends shareholders consult their financial planner or seek qualified financial advice before accepting or rejecting the offer here”
The corporations act playbook covers all this stuff, here a few links for reference on info I quickly found.
https://asic.gov.au/about-asic/cont...ited-or-unexpected-offers-to-buy-your-shares/http://www8.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s173.htmlhttps://www.brightlaw.com.au/who-ca...cited-offers-to-shareholders-and-david-tweed/.
