Ann: JBL announces scrip bids for HML and BHD, page-73

Ask the ASX.
On the face of it they have already down beat the shares to make them cheaper "to reflect the price if the transaction was not passed" and now that has been succeeded with a script bid to transfer to the NSX - so they have made it cheaper.
I bet it won't meet the sniff test for BHD and HML shareholders and IMO the ASX/ASIC needs to be involved for all the perceived issues before this can be voted upon.

I would expect shareholders would want an AGM and a vote on the remuneration report for last years performance and ASX/ASIC approval before this scrip bid could be voted upon.

I also expect JBL management would want it all passed and out of ASX hands to prevent any AGM at all on past performance.

Time will tell if the regulators have this in hand or whether we are at the mercy of JBL Management. IMO JBL believe they are above reproach and regulations and are intent on doing whatever whenever to whomever forever.
The direction seem to be take the ASX listed assets down to NSX level then to JBTH unlisted level, when only a few months back JBTH was going to be an ASX IPO.

All smoke and mirrors including financial reports, NTA's and monthly trading figures IMO as is the endless changes. I saw nothing reliable in the JBL PFR either.

On jazir1979 comments of JBL price at the auction: All management/mates have to do is place a nice high bid to both swallow any available orders and stimulate more interest to drive the JBL price higher. That is, for a few million more they can jack the price to $3.00 to get about $100 mil of BHD and HML value for peanuts. (If shareholders are mad enough to pass it)




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