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oops, yep, I was thinking of BHD

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Sulieman

39 Posts.

27/09/17

16:19

Post #: 27495399
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Originally posted by jazir1979 ↑

Incorrect. The prospectus stated that "the company may not hold unlisted securities" (http://www.asx.com.au/asxpdf/20160204/pdf/434v076tc8ftlq.pdf).

And the notice for the meeting that resolved this stated that "at the time of the issue of the prospectus, it was the intention ... not to invest in unlisted securities even though the management services agreement allows such investments" (http://www.asx.com.au/asxpdf/20160916/pdf/43b7k977ng38hb.pdf)

So perhaps the MSA allowed it, but the prospectus clearly prohibited it.

But yeah, it's a bit of a moot point, really. As I said, this change was made very very clear in Sept 2016, so anybody not comfortable with it could have sold then.

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oops, yep, I was thinking of BHD

HML Price at posting: $1.99 Sentiment: Sell Disclosure: Not Held
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