How on earth can you say that?
MIN bought 19.99% of WGO at 39.5 cents AFTER the HPL bid was made and KNOWING that the maximum offer for each share was 36 cents. So they fully anticipated taking a multi-million dollar loss for one reason or another.
This stinks of collusion and flat out criminal behaviour, but what will the ASX or ASIC do? Nothing!
If this is not a sign that HPL cannot be trusted, I do not know what is. But, I stand corrected. I never thought these two were in bed together.
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- Ann: Hancock's 10th Supplementary Bidder's Statement
Ann: Hancock's 10th Supplementary Bidder's Statement, page-23
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