directors kick shareholders in the head, page-23

The sophisticated ones get a free ride to the next level while the mugs hang around and keep getting screwed.Its not hard making money when others manipulate the outcome in your favour and you keep betting on a sure thing.
Heres a few things to consider, the SP had found its floor at about 9.5 to 11c since having spiked a few months ago.
The company anounces that the discoveries will be able to fund it for the foreseable future and does not signal any capital raising.
So what happens next? Company announces better than expected news and then gifts 12 million shares to Maquaries and its cronies so that they can double up no risk.
Here's a few questions,
were they that desperate for cash that they needed to place stock the same day that the anouncement became public knowledge and in effect give it away, or were Maquaries privy to the results and negotiated a deal before the rest of the market was informed.
Surely Maquaries would not be underwriting a placement at market price, so I wonder how long ago were they informed of the results.
secondly unless BON was in dire financial needs and desperately needed the money,couldn't they have waited a couple more weeks and maybe even offered shares to existing holders in some kind of rights issue?
Would love to know how many shares Maq's sold yesterday knowing that they had plenty of cheapies coming their way.
So unless Ted and the rest of the boys have some real good reasons for doing what they have done and so far we haven't heard them, then the're nothing more than a bunch of incompetents who are only looking out for themselves and their mates.
I absolutely cant believe what they have done in the past two days.This doesn't stink, this reeks