insider trading complaint form, page-109

Sure they statement about Beppa/sparcs/BBI returning less than face value or current market price was misleading, but it was just poor wording more than anything. Most on here interpreted it correctly, but still werent willing to risk it.

The real deception of a delibrate and material nature was regarding asset sales and recapitalisation proposals that came about as a result of those discussions.

The asset writedowns are a part of life. Simply they paid too much and bought at the top of the cycle. The writedowns could have been made earlier to lower everyones sale expectations, but i guess they let the market determine the current asset values.

But to be first approached by RBS in April and then BAM in June, to not mention this to the market is deceptive conduct and inept.

Mentioning RBS approach or specific details of the offer would have had several consequences. It would put pressure of buyers of DBCT to offer a fair amount in a timely fashion. It would also flush out Bam proposal and possible others, and it would likely have lead to a share price spike typical of most takeover targets. A healthier share price like 20c open the door for a life saving capital raising rather than a dilutive destruction of wealth.

Their is NO doubt that BBI left the Bam deal secret until time had all but elapsed, leaving shareholders no choice but to accept and virtually no time for an alternative restructure.

While people were pinning their hope on a full sale of DBCT it would appear due to tax implications they had no intention of selling 100%. why s it then that the market wasnt informed. we had buyers at 100% level so clearly they marketed it wrong and wasted alot of peoples time.

I think their is a case to answer for, but a class action is more economical approach. even then i doubt i would bother. i exited and have made 50% on that money already so my loss from selling early is only small now.

Also i know it could easily have went the other way. i could have bought back in at 20c sensing something was in the air. Then i would have doubled my money, yet i had no inside information. Sometimes you win and sometimes you lose.