announcement re trials, page-16

the bottom line is that you should ring management and ask why those underwriters were chosen (don't forget there is a conflict of interest there imo) and why was there no announcement regarding the susbstantial holding the underwriters then ended up with?

I mean, if ANZ holds around 25% of them, and 3 parties were underwriters of the oppies (Bejjal and Gun Capital are both Leo co's and Exchange Minerals an 'associate') then how is that no holdings notices were declared? do they have to if they hide behind a nominee? also, what about the day to day trdaing that these entities no doubt did? did they disclose movements? hmmmmmm another one for the regulators to look at

i still cannot understand how this deal ticked the 'arms length transaction' box ...... shonky imo

forget termilone and the middle east, i'd be more concerned about the overhang, the fact that shareholders got screwed by the underwriters and oppie holders were fed BS around expiry time .... all imo of course