Hi CT,
I understand the whole matter of the method of sale is being investigated. There was an obvious willing buyer in FIL and other Asian instos that with a bit of effort on behalf of Morgans could have organised an orderly off market transfer.
The way the shares were dumped was of an obvious vindictive nature. It was not orderly by any stretch of the imagination. Unfortunately it took a lot of other shareholders with them causing a mad cascade effect.
A similar situation happened to another share I was heavily invested in a couple of years ago and the individual broker was sacked. That share subsequently increased in value by 7 times over the following 6 months.
Cheers
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RAP - The Home Straight, page-134
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
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