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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/hmmmm-think-long-and-hard-about-accepting-this-11751039.aspx

Subject:  Re: MAH & LJFT Date:  1/4/2000  6:36 PM
Author:  demiller1 Number:  1027 of 6186

Hmmmm... think long and hard about accepting this offer as the company is unlisted, unknown and management untested. This stinks of a 1985-6 ploy to secure a public company through a convoluted private play where nobody really knows what is going on yet serious money will be made through backdoor listings etal.

No cash but shares.... this makes sense if you do not pay out any money but think about this for a minute! Will not the shareholders be exactly the same at the end of the day? What is in this company (LJFT) that would dilute their existing shareholding - to my mind nothing, so any acceptances will mirror existing shareholding in MAH, yet you cannot dispose of your shares you are giving them to a $2 company's management to control.
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