Tongue in cheek, I know, but good point. Still whatever they make in their new fund, they'll be able to use that $3.2m in FC that they acquired for less than $200k so maybe not so bad after all.
Looking back over the Annual Report Sandon have 19.9%, Twenty Cent and Q Services have 20% So even combined they don't have a majority.
Very much doubt a majority will vote against the motion but I did. I have plenty of capital losses for this year (who doesn't) so I can afford to wait. It's not that it owes me much but what it does owe me, is being acquired under duress. I'd rather take the pill.
Near as I can tell Twenty Cent/Q Services paid about $0.006 for their shares and Sandon about $0.01 they both got the $0.0013 special dividend on 2/9/20. Hard to know if they are associated or if it was co-ordinated. A few groups looked to jockey for the position but Twenty Cents relinquished the board for Sandon so possibly a deal done?