RE: reverse takeover?13 Feb 2018 17:06
I have been in 2 investments with reverse takeovers and both times ended up with less than half my original investment but those takeovers were based on the companies struggling so couldn't raise the money at a decent price. It all depends on what price they can raise the funds at but as Arborman says it then goes to a shareholder vote. In theory we should do well out of it but until some news comes out we are stuck in limbo. Do we have enough votes to block a bad deal? Or do the main shareholders such as Candy have enough shares between then to push through a bad deal for the normal PIs?