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Distribution and Warehousing Network Ltd. – DAW


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#1 Midas1

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Posted Yesterday, 08:37 AM

Fnb acknowledged they will vote against resolution's on my behalf...what ever happens id rather put my opinion in...im hoping 1c buyer gets cold feet..or cant raise finance
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#2 Midas1

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Posted 12 January 2019 - 05:25 PM

3 different resolutions to approve or not...ive said dont agree..something could still go wrong on deal and think shareholders even if minority should show their feelings and not roll over..IMO
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#3 Polly

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Posted 12 January 2019 - 12:21 PM

Guys dont even waste your time and effort trying to vote...They already have the 75% required to do the deal...

 

 

Done deal....you will be paid 1c finish and klaar...nothing else you can do...


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#4 Midas1

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Posted 11 January 2019 - 05:27 PM

The dont know bit made me laugh
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#5 Midas1

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Posted 11 January 2019 - 05:19 PM

Your platform should email you..fnb did and said object, agree snd or dont know....email your people and ask...
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#6 realkingkam

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Posted 11 January 2019 - 05:14 PM

NBNB DAWN..they have contacted through fnb shareholders can vote...shareholders please use your voting rights ! Time limit 21 january

How do we vote
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#7 Midas1

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Posted 11 January 2019 - 12:58 PM

NBNB DAWN..they have contacted through fnb shareholders can vote...shareholders please use your voting rights ! Time limit 21 january
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#8 realkingkam

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Posted 08 January 2019 - 08:51 AM

Thank you for the updates Midas
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#9 Midas1

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Posted 07 January 2019 - 02:58 PM

Have just had the following reply as confirmation therefore will hold my shares and see what happens, have a feeling this deal wont go through and if the case and another buy could be very good..either way shareholders have at lease 1 c in the share so nothing to loose at this stage..........they said "

Yes, that is correct. In the event that the proposed sale to Polanofield is implemented, the company will be delisted and shareholders (who have not sold their shares prior to the respective date) will be paid an amount of 1c per share by Polanofield, who will then acquire all shares.

 


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#10 Midas1

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Posted 07 January 2019 - 02:31 PM

Response from Dawn today---My question to sharechat -Can anyone advise if the buyout takes place and company is delisted will the new owners have to buy my shares at 1 c a share or must I transact whilst they are still on the JSE....?   The buyout still isn't a done deal.

 

  1. Can I object to the purchase at .01 c a share and if so please send me a document to object and where to email it to. There is no prescribed document to be sent but it is imperative that that you should strictly adhere to the requirements of Section 164 of the Companies Act. It is advised that you obtain independent legal advice to ensure compliance in this regard.

 

  1. If the sale goes through at .01 c a share and the shares are de listed from the JSE, may I have the option to keep my shares in Dawn even though it is no longer listed. Again how would I proceed. No, if the sale does go through there will be no option to keep the shares. Should the sale be implemented it will bind all shareholders, regardless how they voted. 

 


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#11 Midas1

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Posted 29 December 2018 - 08:58 AM

Theres docs on their web...ive asked fnb for advise re this but they told me ask daw secretary..im on hols and doc over 60 pages...but some kind vote..ill check it out when back...meeting of some sort on 21st i think...
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#12 realkingkam

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Posted 28 December 2018 - 05:29 PM

Think we can vote on 21st but will look into it further when back next week

Elaborate Please midas
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#13 Midas1

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Posted 28 December 2018 - 08:28 AM

Think we can vote on 21st but will look into it further when back next week
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#14 Midas1

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Posted 20 December 2018 - 03:33 PM

Hi Guys...i emailed dawn re our shares.. look on their web today re investor info and notice of scheme..im busy now but will read when have time
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#15 Midas1

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Posted 18 December 2018 - 12:01 PM

514000 shares changed hands today...must be people who don't have clue whats going 😄 so back 2 c
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#16 realkingkam

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Posted 18 December 2018 - 09:17 AM

HI Real, are you forced sell your shares as company buying at 1 c obviously has a plan...so would be better keep the shares and get company dividends...Thanks

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Don't think we get to keep our shares Midas... that would be great ... nobody wants to take a 90percent knock ... EXCEPT.. Dawn ...
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#17 Midas1

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Posted 17 December 2018 - 11:49 AM

Seems be done deal and competiton commission approved...and majority shareholders

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#18 Chris101

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Posted 17 December 2018 - 10:06 AM

i bought at 5 cents... pretty bleek either way ... looks like we get shafted

If managment sells out at 1c they are obviosly getting a better deal in one way or another. So yes my understanding is you will be shafted!


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#19 Midas1

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Posted 17 December 2018 - 09:33 AM

HI Real, are you forced sell your shares as company buying at 1 c obviously has a plan...so would be better keep the shares and get company dividends...Thanks

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#20 realkingkam

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Posted 16 December 2018 - 10:33 PM

Thanks...so guess theyll pay us 1 c....and no option to keep the shares even if delusted?... My preferance would be keep shares and get dividends...bit of f## up...bought at 2c...

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i bought at 5 cents... pretty bleek either way ... looks like we get shafted
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