The board of DCN recommends strongly to shareholders to accept this sell off . It is an obvious breach of directors duties which should be prosecuted by ASIC which is supposed to enforce its laws which protect shareholders against directors misconducts . DCN shares will be exchanged at a quarter of their actual asset value , same as SMC shares which have been compulsory acquired sometimes ago, at one fifth of their fair value . In spite of numerous shareholders complains, ASIC at that time decided to take no action, and confirmed that it was satisfied with the "fairness of the operation" ! Today ASIC still refuse to take action, while SMC is developing a $ 200 Mio mine operation ! The company was bought for $ 50 Mio ! a fair price for ASIC . So , do not expect too much from the Regulator .
DCN Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
