Given the fact that BNB directors have approved a derisory offer to the BNB holders based solely on director "fiat" and without reference to an independent valuation report - I think there would be grounds to complain to ASIC.
Further, given that the Trustee has requested the report, I would think this would be grounds to write the Trustee to insist that they intervene to stop the meeting.
The meeting needs to be an informed meeting.
A clear message needs to be sent to the BNB directors that their days of rule by fiat are over.
I would welcome the opportunity to put the ActionBBSN case to the independent valuer to point out the various impairments likely if BBSN holders are forced to arrange total administration/liquidation.
- Forums
- ASX - By Stock
- BNB
- asic complaint
BNB
babcock & brown limited
asic complaint
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)