maiden dividend announced !, page-22

Hi chelkn. Excellent post and a 30c or 42.8c incl. franking dividend is a very attractive situation. Especially if the shares were bought at less than today's share price.

Being the eternal optimist, keeps me upright in the bad times, that dividend could also increase should BCI expand into other money making ventures. And I am sure they will, withstanding TO.

Now TO, by Regent. If Regent do hold 17% more shares than their declared holding, they then have "control" over 41,549,906 shares. At an average buy in of $1.70 that equates to a value for the extra 17% of about $30 million.

My question is, can Regent "hide" this large amount, $30 million, from their visible books and be "above boards"?

In today's financial world little surprises me but I am intrigued how Regent may hide that $30 million. And those extra shares are worth today about $45 million. Shareholders in Regent would like to hear about that!

Pat