Ann: Change in substantial holding , page-49

Who was the company lawyer that signed this off ?
Peter Lauda and Jason Brewer signed off on this.

The consultants that arranged this deal should be investigated as well.
Peter Lauda and Jason Brewer are the consultants.

Was CCC management aware that Socious was the organisation that was dumping the stock as it was happening?
Peter Lauda and Jason Brewer are the management and they had to have known.
A number of times Jason was asked about Socius selling and the answer was.
1. The nominee accounts were selling the shares down but finishing even on the day. They could do nothing about this because it was within the ASX rules.
So the nominee accounts could have been Socius.

2. Then there was the quantum fund which JB announced via ASX announcement. LOL.

3. His last reply on this was that he wasn’t sure if they were selling (they clearly were by the top 20) and said that it can be excused if they were due to the economic conditions. However, if things improve they could be back. Well, he probably had my crystal ball when he made that call or a prior arrangement with Socius.

I had a scan of the shareholder agreement last night and it stated that if the additional shares are to be issued and this would take their ownership over 15% they would have to put the issue to a shareholder vote. The free re-pricing shares would have breached the 15% which is part of the reason why they probably sold down.

The other reason was that the share price around the consolidation date had to be below a certain price in order for them to get their free shares. So they actively sold down or in another words manipulated the share price lower.

What a bonehead move on Jason’s part to structure the deal that way. They were asking for it and the hedge fund took them to school...well actually they took you, me and the other 12,998 shareholders to the cleaners.

Some of us still hold but the long term holders that held and sold due to this manipulation should be very angry.