Thank you for this brilliant post, FnF; it takes up the key problem with the current offer.
I have written to Don Taig asking how the Board plans to deal with this issue of 51% ownership by Shandong and the incredible risks it opens for the company (and its other shareholders) but have had no reply.
I would really appreciate anyone with appropriate legal and/or political expertise advising us on whether this approach is permissible under FIRN legislation. if it is, then I am sure we should be lobbying our politicians to put pressure on the FIRB to make such a determination.
I find it hard to believe that a Board could place the company and it shareholders at such risk without a legally binding requirement such as this. I too await the statement from the Board to tell us how they are dealing with this major risk. if they have not thought about it and/or do not have a robust solution to deal with the risk, then they should not be directors of a public company.
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Mkt cap ! $44.41M |
Open | High | Low | Value | Volume |
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6 | 45199 | 0.150 |
1 | 10000 | 0.145 |
3 | 31100 | 0.140 |
2 | 82400 | 0.135 |
Price($) | Vol. | No. |
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0.165 | 1023 | 2 |
0.175 | 21826 | 3 |
0.180 | 100000 | 1 |
0.190 | 17800 | 2 |
0.195 | 31000 | 1 |
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