Remember that first offer is usually never the highest or last offer.
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Remember that first offer is usually never the highest or last offer.
Hmm - director selling - not sure what signals he wants to send us with that action given that there is a pending takeover offer he signed his life away to support:
http://nzx-prod-s7fsd7f98s.s3-websit...055/273070.pdf
I guess I can see all the winks and nudges - just not sure how to interpret them? Maybe this is the best he can do to support the takeover - signal other investors they better take the offer?
But then, maybe he just needed a new boat or deck and couldn't wait ...
Who could say these days :p? However - why do you think this would explain the selloff?
PS: Obviously ... my deepest apologies to Mandy ... I am sorry for missing the s before the he.
And so far I thought that only male directors can make funny & inexplicable things - must have been a Freudian slip ...
Some of Mandy’s recent ‘purchases’ appear to have been shares in payment of Director fees
Just collecting her pay maybe.
BP - down any more study on how Scheme of Arrangements work ....esp relative to the other option of a ‘hostile’ takeover
http://www.nzherald.co.nz/business/n...ectid=11975852
Interview with CEO of Trilogy. Sounds like the takeover is a done deal, just waiting OIA approval.
Disc. not holding anymore.
You mean the shareholders do not matter in this context? Is it only her and CITIC? Otherwise - how can it be a done deal when nobody asked so far the shareholders?
Frightening as well to learn that she spent the better part of a year to prepare a deal which costs every contributor to the latest capital rise 80 cents per share. From memory - they paid 18 months ago $3.70 and CITIC offers 18 months later $2.90. Did she know already at the CR that the shares are not worth what she asked for? Or is she now promoting a deal which sells the company too cheap? Are we missing something?
BP
Sounds to me as if (with her being involved in 3+ buyouts) she was bought to Til with a sale in mind. My question is with such a great future (her words) why is this being sold seemingly cheaply or is it a directive from the bakery boys to free up their cash or force a higher offer? Would you sell such great prospects for a theoretical loss after putting in more expensive capital?
Regards
-dodgy
Majority shareholder has been a keen seller for a while ...Angela only doing her job.....and doing it well might I say
Minorities never have much of a say (in any company) ......except at the last stage when they get to say yes or express their disgust.
Divestment and finding a buyer has been on the ‘agenda’ for a while. No doubt it was realised that achieving the ‘huge potential’ expected of them was going to be very difficult.
That $2.10 was good buying