Scenario:
ECE buys 51% for ~$47 million - money gets deposited in GBE account - ECE stack Board with ECE directors, and control the Board - new Directors immediately resolve to de-list the company with the consent of the major shareholder, ECE - remaining GBE shareholders (49%) get paid $0.405 for their shares.
result: ECE manages to acquire 100% of GBE using the money they initially paid to acquire 51% of the company.
- am I crazy or could this happen?
good luck
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.83M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12016 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 137731 | 1 |
View Market Depth
| Last trade - 12.35pm 17/07/2025 (20 minute delay) ? |
| GBE (ASX) Chart |
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