RE:RE:RE:RE:RE:Few ThingsI agree as well, KaAn could care less about the retail holders and have barely disclosed the minimum info legally required. I have ZERO trust for them either. They have been going thru the motions to kill the old boards deal as cleanly as possible all without clearly explaining many details to us (what happens to break fees, BEE issue ect). My only hope is that their +/- 25 mil investment includes creating a quick return/cash out that will benefit the share price significantly from their +/- $1.10 average entry price. They either have a buyer in the wings or we are screwed. Who gets to flip the coin ???
I still believe that we will find out soon now that the old deal is kiboshed...
Also the same 75% approval rule will apply (for South African approval) so any sale would have to be good for all shareholders or it won't pass (they just can't give the company away).
Hopefully some of the original Hebei suitors outsmarted the old board and found a way to get the works (assets and cash) for far less then the original deal. I am ok with that as long as any sale is still for a reasonable price AND we all get paid out 100%. Maybe the major KaAn supporters new that Rosier was going to sit on the cash, not pay out and waste or slowly burn ect. I'm sure they want what's left of their cash out...