Rules? What rules? The big end of town runs roughshod over...

Rules? What rules? The big end of town runs roughshod over shareholders whenever they so desire. I had shares in SBM years ago and there was some kind of rule they did not like so they just applied to ASX and went on their merry way. That particular incident entailed paying around double the current market price for some acquisition. One can only guess at why the company wanted to do this and why the ASX approved it. SBM crapped itself overnight and has never approached the SP it enjoyed before said acquisition. I guess at the end of the day I am just a punter and talk through my pocket but it left a nasty taste in my mouth.