Couldn't help myself at that price...
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Couldn't help myself at that price...
I might end up owning more than I originally expected. Have to average down my last purchase of 3k at $4.45. Ouch.
I think I'll take some more if the price remains on Tuesday
the fortitude weakening already for some !
one of the real issues for holders is of course if the company is prevented from moving ahead in deference to the bidders interests. This could be more than a distraction and put an actual hold on plans. Which may not be so bad because the world is a bit slower moving now and, as Mansons are doing with The Herald block , its actually not too bad to hold off major development while risks remain quite real.
So I think we need patience loads of it even. move on now if yer gonna.
MSCI index rebalance at close today Peat. Lots of stocks got moved around a fair bit. Agree that chasing EQT puts some constraints on MET in terms of its development but also concur that at this present time that's not really a big deal and actually might make very good sense. You're dead right, a lot of patience will be required.
Couple of large sell parcels for Tuesday 202K @ $4.47 and 300K @ $4.53
announcement today would seem to be bad news in that Directors are not gaining what they sought and the reneger has!
However , not sure if it makes much difference really ?
I will put it in as you forgot. Doing their tortuous ABC's.
Shareholder Approval to be Sought for
"Metlifecare confirms that it will instead hold a meeting of shareholders in mid-July 2020 to seek endorsement of the Board’s intention to continue legal action on behalf of shareholders challenging the validity of APVG’s notice to terminate the SIA, signed on 29 December 2019.Metlifecare filed a Statement of Claim in the High Court on 15 May 2020, seeking orders to compel APVG and EQT Infrastructure IV fund to fulfil their contractual obligations under the SIA and an Equity Commitment Letter. "
The High Court has set an expedited court timetable for the dispute, with the trial scheduled to commence in Auckland on 23 November 2020.
Metlifecare Chair Kim Ellis said: “The necessary legal action to compel APVG and EQT to fulfil their contractual obligations under the SIA has already secured the public support of a significant proportion of our biggest investors. At next month’s meeting, the Board of Metlifecare will also be seeking formal endorsement of shareholders to continue pursuing litigation options to enforce the SIA and implement the Scheme.”