RE: volume9 Sep 2019 13:34
Heimdal
Thanks for posting. All very interesting indeed.
For an automatic T/O they would have to hold at least 30% of the stock, however. That doesn't mean it will be approved since, and correct me if I am wrong, but don't they then need a 75% majority vote for it to be passed? Unless JM/JG and their followers approve, which I am sure they wont (unless the T/O bid is probably in the region of 300 to 500 mill USD), surely there is no point in trying to pick up a couple of million here and there ?
I am sure you know a lot more about theses things than I do, so I could be just thinking and writing rubbish.... ;-)