AVZ Discussion 2022
- Thread starter GazDix
- Start date
I can't understand why people would sell their shares held in a super fund for 1c. Your super is a long term investment for retirement. The proceed from sale is so little with a price 1c and almost like a write-off as for myself. I would just wait on and ride to the end. I think the TO offer is just a desperation and not effective for any motive.
Best of luck everyone.
Best of luck everyone.
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
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