do you think adi will hit $1, page-14

"Other than that I could care less what happens to ADI, its shareholders, or the management and the BOD's (Losing their jobs because of a bungled cap raising would be sweet irony though!!!)"

So why are you trying to put the wind up holders with misinformation. I posted some time ago the rules about concert parties. Some decades back in the UK, a number of the Guinness directors were imprisoned for manipulating the Guinness share price in the bid for Distillers. Don't tell me that the Australian courts ignore the UK courts or the other common law jurisdictions. Doing deals behind the scenes could get the AWE directors into considerable trouble.

" 3. Section 602 provides:

The purposes of this Chapter are to ensure that:

1. "the acquisition of control over:
1. the voting shares in a listed company, or an unlisted company with more than 50 members; or
2. the voting shares in a listed body; or
3. the voting interests in a listed managed investment scheme;

takes place in an efficient, competitive and informed market; and

2. the holders of the shares or interests, and the directors of the company or body or the responsible entity for the scheme:
1. know the identity of any person who proposes to acquire a substantial interest in the company, body or scheme; and
2. have a reasonable time to consider the proposal; and
3. are given enough information to enable them to assess the merits of the proposal; and

3. as far as practicable, the holders of the relevant class of voting shares or interests all have a reasonable and equal opportunity to participate in any benefits accruing to the holders through any proposal under which a person would acquire a substantial interest in the company, body or scheme; and

4. an appropriate procedure is followed as a preliminary to compulsory acquisition of voting shares or interests or any other kind of securities under Part 6A.1."


You're a trader. Carry on - trade. Chat too. But, if you give comment on technical matters, such as what a bidder may or may not do, make sure that it's right.

So, now you say that they can do a deal after the lapse of the bid. Do the Australian rules permit that? Provide a reference so that I can see the authority for that statement. How does that fit in with the objectives set out in Chapter 6 of your Corporations Act 2001? How does that fit in with:

"...all have a reasonable and equal opportunity to participate in any benefits accruing to the holders through any proposal under which a person would acquire a substantial interest in the company, body or scheme..."

Maybe it does. If you know so, explain - because you have been warning investors reading this board to expect to be ripped off by some side deal.