""(Also do we know if the shares lent by NAB are for shorting or to give a certain party more voting power when the time comes?)""
Pete,
What you said above makes good sense. But, In my past experiences, and IMHO, no one in its right mind would go and borrow shares now when there is such a long way to go before any decisions are to be made.
Also, when people borrow/lend shares they pay a fee to the lender, and with that amount of shares the fees could be quite hefty.
Then you have to look at it in a different angle. And that is, that when the vote is required, and NAB has no stock on hand because it has been lent out to a third party, NAB cannot vote on any of the resolutions put forward any longer. This could in turn be at the disadvantage of its nominees investors, and against their wishes and directions in the voting.
And if that was to be the case, why then has NAB been in and out on a few different occasions, while no votes were ever required....???? Think about it.
As for Dart, that is of an unknown quantity. Lets put it this way. At this stage of the game I don't even consider Dart at all. If there were no other offers coming along by the time the T/O offer lapse, I am sure that I will take my money in cash and run. If and when Dart will prove itself and come good, I will consider investing into it then. But not before.
Buddy
AOE Price at posting:
$5.16 Sentiment: Hold Disclosure: Held
