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  1. #11
    Reincarnated Panthera Snow Leopard's Avatar
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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.
    om mani peme hum

  2. #12
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    Quote Originally Posted by Snow Leopard View Post
    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 ?

  3. #13
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by whatsup View Post
    Snowy, but its under a T/O at present ?
    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.

    om mani peme hum

  4. #14
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    Quote Originally Posted by Snow Leopard View Post
    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?

  5. #15
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by tim23 View Post
    Thanks - so are you saying the takeover was triggered as a requirement by virtue of the listing process?
    Yes, that is correct.
    om mani peme hum

  6. #16
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    Quote Originally Posted by Snow Leopard View Post
    Yes, that is correct.
    Soooooo, what/where is the future of this out fit ! ?

  7. #17
    Reincarnated Panthera Snow Leopard's Avatar
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    and it trades

    242 @ $1.10 - Like wow
    om mani peme hum

  8. #18
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    Quote Originally Posted by Snow Leopard View Post
    and it trades

    242 @ $1.10 - Like wow
    and I thought that the minimum trade was Au $600-00 ?

  9. #19
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    De-listing Application

    https://www.nzx.com/announcements/389960

    Things don't look too inspiring from the announcement

    A sneaky 4.55pm Friday Announcement many will have missed

    but wait - are many interested in or following SMW at all ?

    Hopefully Mr or Ms 242 minority holder gets out in time so as to not be a locked in
    captive holder with no way out, aside from donating the holding onto some other
    lucky holder (No fun in being Qexed in, is there ? )
    Last edited by nztx; 05-04-2022 at 02:00 AM.

  10. #20
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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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