ASIC won’t do anything!!!!! a court order with accompanying affidavit from an independent valuer will make a difference the deal is neither fair nor reasonable as opposed to‘not fair but reasonable’ or ‘fair and reasonable’this is a $1B dollar plus network asset!!!! Described as ‘Australia’s largest Australian owned and operated Fibre Network’$3.2m is neither fair nor reasonable based on the available CAPACITY of the network$3.2m is all that shareholders will likely getshare buybacks reducing the cash consideration to shareholderswill creative accounting effectively make the above cash consideration $nil?
(20min delay)