we are so missing the real point.........., page-38

All,

Don't read too much sympathy into "the poor human has blown 500 Mil" (I read that somewhere -no idea what he has atually lost). I am not defending him in any shape or form, but rather pointing out that desperate people do desperate things.

I was also trying to emphasize that the biggest problem to shareholders in all companies (and AIO particularly) is the lack of control from the ASX and ASIC.

As someone mentioned previously, we can't expect greedy men to be benevolent, BUT, rules of fair play should be clear and enforced, otherwise it's robbery.

In the words of ASIC (website):

"We contribute to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers."

Big call! "Fair and transparent" is NOT having a bank earn megabucks from a finance deal for a public company, and also rescue the CEO financially (loan, collar and cap etc).

"Fair and transparent" is NOT waiting until 10 minutes before an offer closes to announce that the largest shareholder will halve his holding -after publicly stating that he wanted to increase it"

It's a shame when a share price goes down,-certainly feel for those that lose investments, but it's even worse if it's the result of deception, price fixing, market rigging, old boys network etc.

I don't approve of any of these questionable actions of AIO or Rowsthorn -they are unwise; they are bad business; they create INCREDIBLE shareholder resentment; they appear to be deceptive; ETC ETC.


BUT they also seem to be legal .........

AND THAT IS THE ESSENCE OF THE PROBLEM (as I see it)!

Thoughts?