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GWA Group Ltd V.GWA


Primary Symbol: GWAXF

GWA Group Limited is an Australia-based company, which is a designer, importer and supplier of products and solutions, focused on the delivery of sustainable water solutions for bathrooms, kitchens and laundries. The principal activities of the Company include research, design, import and marketing of building fixtures and fittings to residential and commercial premises, including sanitaryware, tapware and showers, baths, intelligent water management solutions, and related kitchen, bathroom and laundry products/accessories. It distributes, installs, maintains and repairs various products through a range of distribution and customer channels in Australia, New Zealand and selected international markets. Its Water Solutions segment includes the sale of vitreous China toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products and bathroom accessories. Its brands including CAROMA, METHVEN, dorf and CLARK.


OTCPK:GWAXF - Post by User

Comment by Toweringmarson Jul 09, 2024 10:03am
196 Views
Post# 36124270

RE:RE:Going private

RE:RE:Going privateWow thats sketchy. I didnt even realize he bought 500,000 shares the day the hold was released. 500,000 @ 0.12 to flip at 0.15. 

Guy made a nice 15k on a 3 cent flip. 
Greasy

I agree with Investor416, there needs to be a forensic audit here. 
Seems like they kept the lights on as long as they could to get a paycheque for not really doing anything.

ozbob wrote: Another thing that bothers me is that buyers since the decision was made may not feel as aggrieved as holders of long record and might therefore support the plan to realize a quick profit. A fair process would exclude these buyers and apply only to those minority held shares at the time the decision was made. A case in point was the board member (insider but not part of the acquiring group) who bought a whack of shares a few days back. Peter Quintilliani bought 500,000 shares for $60000 and that really stinks because, as a board member, he has already recommended acceptance of the offer and is unlikely to vote no, thus making it more difficult for the rest of us to get to 50% plus one.




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