takeover bid -by shareholders!, page-8

Beast,

Where did you get that idea from??

Sirjohnny has a very good valid point my friend. And, I can't see that the Instos will get out of it, if they are not allowed to dictate their terms.

They very well know that the fruit is nice and juicy, and there to be taken. The only thing is that they want a little more than the fruit. They want the strawberries and cream on the side too, for free.

Renounceable shares issues has worked for umpteen years before, and some Countries do not allow any other ways of issuing new shares through capital rasing in a way that would dilute and reduce the share/portfolio value for existing shareholders, for the advantage of others.

In the last few years this tactic (non renounceable issues) has become the norm, due to slack from our ASIC and the ASX. But it does not mean that it is right just because it has been allowed to be applied.

And think about it. Where do you think the instos will go and invest and make money, if we go back to basics TO RENOUNCEABLE ISSUES.?? LET ME ASSURE YOU BEAST, THEY WILL NOT EVER LEAVE THE SHARE MARKET BECAUSE THAT IS HOW THEY ARE MAKING THEIR MONEY.

No, IMHO they will not walk away from it. They may will have to accept that they can't get/bully their own way around anymore, and be happy with the nice juicy fruit. Not that little extra for free.

Buddy