Thanks for your insights. It's something I've never gone though as a shareholder and dare say not many have, so it was a bit daunting seeing the announcement drop this morning.Hi Nbaz, the company id imagine is totally fine with it ; disclosing information was benefiting the distractions more than it was our negotiating. Tommy FT is probably deserves a bit of a thank you too! He seemed to have been able to dig some pretty confidential legal docs etc which showed that distractors were digging. ASX were apparently were getting all sorts of requests for information / suggesting ‘sesrch here’, ‘look at this’ in an attempt to try and force them to make AVZ open up and trade again.
Being able to tint those windows of the negotiations rooms, as they felt that they comply with 3.1 / disclosure seemed to put them on the backfoot every now and again, after they had thought they had taken a few steps forward...personally I'm happy with the move.
ASX also seemed happy enough with their responses to the questions and put them into actually suspension using the answer to question 9 where AVZ stated that they couldn't conform to 3.1 as it was effectively causing issues, basically gave AVZ what they needed. Omni bridgeway if they had anyone on board would have preferred if as had of batted back some of those responses...but that didn't seem to happen and AVZ can be somewhat relieved that their announcements aren't twisted etc by distractors and repeated elsewhere to other parties with apparent triple meanings
Hopefully it means AVZ can now get everything sorted safely and not have to worry about everything getting out before it's all confirmed.
Appreciate your words.