AVZ Discussion 2022
- Thread starter GazDix
- Start date
CashKing
Regular
Correct unless they made massive amounts elsewhere but it still doesn’t make sense to me selling at 1c wtf
Fark it's tiring!
BRICK
Top 20
Sell the shares to your children and hopefully it would be a big house deposit in one day.Correct unless they made massive amounts elsewhere but it still doesn’t make sense to me selling at 1c wtf
Surely Nigel realizes now Pei/CATH is his enemy ? Is he going to need to raise an extra $20mil to give these pricks the flick ?
Oh I am with you there!!!!!
Dave Evans
Regular
AVZ would still hold 75% of Dathcom, Pei would only have an increase in the amount of AVZ shares he owned. There are plenty of shareholders on TSE who would scoop up any shares for multiples of the price of the current offer
TheCount
Regular
The other 80% of AVZ shareholders also contribute to how the 100% dictate the direction of the company - and to make it even simpler, "we" shareholders only have a say once a year..... . His theoretical 20% ownership of AVZ doesn't give him "control" of anything other than votes at an AGM and any profits on the shares..
AVZ has legal title over 90%, and by granting Pei 24% for his cash, that leaves us with say 66% of Dathcom. If Pei grabs 20% of AVZ then that adds another 13.20% = leaving him with a financial benefit of 37.20% and AVZ with 52.80%. We'd also have $240M in the bank to go dig some rocks.
So yes, he "increases his holding" financially but not into majority levels - is that your concern?
TC.
Spikerama
Regular
The biggest question I have right now is why the fuck does it take a hostile take over attempt to get an announcement from the company where they tell us of new lines of communication with the DRC, an imminent MOU and other avenues of value realisation? WHY?
They obviously had this information sitting there prior so what the fuck is going on guys?
Same thing happened last time when SMEGMA made a dick move. AVZ was forced to communicate. This is the kind of thing that pisses people right off. Not good as we fast approach AGM.
They obviously had this information sitting there prior so what the fuck is going on guys?
Same thing happened last time when SMEGMA made a dick move. AVZ was forced to communicate. This is the kind of thing that pisses people right off. Not good as we fast approach AGM.
Cumquat Cap
Regular
Why give our detractors more to work with if we don’t have to ? Silence kills their ability to find angles to penetrate and in the absence of liquidity/delisted does it really matter?
This is no longer a standard publically traded endeavour sadly
This is no longer a standard publically traded endeavour sadly
Re: If Pei grabs 20% of AVZ then that adds another 13.20% = leaving him with a financial benefit of 37.20% and AVZ with 52.80%.
My understanding is that the takeovers laws would be triggered once Pei tried increasing his beneficial ownership above 20%, and the FIRB would be right onto it in any case.
Cheers
F
For what its worth, a takeover of AVZ by a Chinese company is not likely be permitted because it needs to be approved by the FIRB - so it would be interesting to see how that works.
The 20% + ownership would need to be in AVZ, not a culmination of both AVZ & Dathcom holdings - this is what I would speculate -
I believe others would have more of an idea than me on here.
Regards,
SilentOne
Cumquat Cap
Regular
20% or above I believe they can block and asset purchase/take over attempt / which they would do in a heartbeat. Don’t want Carrick profiting if this thing gets taken out either considering he owns zero shares currently
Xerof
Have a Cigar 1975
Let's be clear - there is only ONE motivation for these cunts to try and get a foothold in AVZ, and that is to roll the current BoD, replace them with muppets and hand the PROJECT to Zijin. They need more support than what they controlled at the AGM - it's not going to come from us so-called rusted on shareholders, so they need to get more shares into their control before they would have the confidence to try that again
1 cent just shows they don't have the funds, and this will be a complete flop. The Fat Tail court case to roll the Directors seems to have withered on the vine, so they try another angle - LOL
China will NEVER be able to make a Takeover for AVZ directly, and given the way these Arbitrations appear to be land sliding in our favour at every step, the only option open to China Inc is to control governance (or keep up the corruption in DRC, which is being more exposed than ever and is probably at the end of it's useful life in our particular case)
I don't think for one minute that AVZ would have been 'happy' with having to update activities, but they couldn't just let this scam sit there without comment. As Cumquat says it does feed information to our enemies, but it would suggest to me that, on the basis he HAS updated at a minimalist level of detail, progress is a lot further advanced on those two fronts - MOU and 'value realisation' and so perhaps they aren't too worried about feeding the backline some ball
Lastly, I would suggest the dance with Locke is actually the tail wagging the dog
Just my ponderings
and hello to the voyeurs
AudreH
Member
Might be a bit of confusion with some of the calculations. The Project % that we have (Legally 75% currently) and shares in the company AVZ are two different things. If Pei bought all our shares in AVZ, AVZ still owns 75% of the project.
If the CATH deal goes ahead AVZ would own majority (75-24) 51% of the project.
If the CATH deal goes ahead AVZ would own majority (75-24) 51% of the project.
Xerof
Have a Cigar 1975
Hey guys, a shout out to those who dug deep to expose this scam very quickly. Well done, great research in the right places
I had written it off as a scam of some sort - never-the-less, there was a LOT more to it and in 30/40 minutes, our squirrels had sussed the cunts out.
GREAT WORK
I had written it off as a scam of some sort - never-the-less, there was a LOT more to it and in 30/40 minutes, our squirrels had sussed the cunts out.
GREAT WORK
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