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The only questions that needs asking (and answering):
What is SMW actually worth per share;
Do you want to buy any at that price.
Although Chris is an independent director (as is Jill) it is now not a Chris Castle company.
Q. What is it worth?
A. I reckon no more than $0.75 a share at present, based on sketchy information.
Q. Will I buy any at that price?
A. No. If it becomes sufficiently liquid then I would look at it again, but until it does I am not interested.
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Originally Posted by Snow Leopard
The only questions that needs asking (and answering):
What is SMW actually worth per share;
Do you want to buy any at that price.
Although Chris is an independent director (as is Jill) it is now not a Chris Castle company.
Q. What is it worth?
A. I reckon no more than $0.75 a share at present, based on sketchy information.
Q. Will I buy any at that price?
A. No. If it becomes sufficiently liquid then I would look at it again, but until it does I am not interested.
Snowy, but its under a T/O at present ?
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Originally Posted by Snow Leopard
Whether it is a reverse takeover or a normal ( forward ) takeover once you get to owning 90%+ of the company you have an obligation with an option.
The option, which is usual taken during a normal takeover, is to compulsorily acquire the remaining shares at the takeover price.
The obligation, which is what this recent takeover notice is, is that the dominant owner will buy at the takeover price any shares that the minority shareholders decide to sell.
The intend outcome is that this 'takeover' fails and the company has a number of shareholders.
I note a current bid of $1.10 and a current sell of $1.50. Let us see where it actually trades, if it ever does.
Thanks - so are you saying the takeover was triggered as a requirement by virtue of the listing process?
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Originally Posted by tim23
Thanks - so are you saying the takeover was triggered as a requirement by virtue of the listing process?
Yes, that is correct.
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Originally Posted by Snow Leopard
Yes, that is correct.
Soooooo, what/where is the future of this out fit ! ?
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Originally Posted by Snow Leopard
and it trades
242 @ $1.10 - Like wow
and I thought that the minimum trade was Au $600-00 ?
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Thanks NZTX, I certainly missed that-but with only 145 shares I try not to think about it much.......
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