Ann: TOV: NME 04R Review Panel Declines to Conduct Proceedings, page-25

It seems NME has conducted guilty conduct. Civil courts will throw another wasted SH funds nonsense out IMO. Scrabbling for air TBH

64. We have serious concerns about the appropriateness, timing and the content of these
‘shareholder intention statements’ obtained by Nex Metals, including because the
statements are in substantively the same template form, which suggests that Nex
Metals has prepared and directed what the statements should say. We also note that
such statements were provided before Nex Metals shareholders had access to a
target’s statement in respect of the Bid, making it unlikely that shareholders were
fully informed when providing the signed statements.
65. While we did not consider the question of association, we note that there is a
significant risk that such a process of securing shareholder statements can result in
the formation of a relevant agreement, giving the soliciting entity a relevant interest
in the shareholder’s shares (which may also result in a contravention of section
606).