Please remember to reject/object the Compulsory acquisition (CA). The 52c offer considerably undervalues the company.
When you receive your offer, you will by law also receive forms to reject/object to the offer. This is your right and you are protected by ASIC to ensure you get actual value for your stock. This is different from market value, but the actually asset value of Oaks.
KPMG recently valued Oaks as worth an average of 73.5c. This is more than 20c a share more than Minor is offering.
If 10% of remaining shareholders reject this offer, Minor will be forced to argue the value of this office in a courtroom, where they must pay all costs.
As a shareholder, it is your right and if you have come this far, an immediate action you should take to ensure that you extract the real value from your investment.
As a shareholder, you have the right to ask from Oaks for the shareholder list of remaining shareholders who also receive this compulsory acquisitions. If Oaks cannot provide this to you in one week, they will be at violation of ASIC standards for a CA.
I will be requesting a list and sending mail to remaining major holders.
Please discuss.
OAK Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
