re: Ann: Fully Diluted NTA as at 30 September... Rogue T,I don't...

re: Ann: Fully Diluted NTA as at 30 September... Rogue T,
I don't think they are to concerned about that sort of activity.

I read a bed time story once that went:
Once-upon-a-time there was this company...it wasn't performing too well so the shareholder allowed a couple of guys to overturn the board...it cost the guy, as an investment and risk. They promised to change the system and reward shareholders. Not too long afterwards they started to asset strip the company build up the cash. Transition from mining to Investment was the claim. Then they did a weird thin, they did a buy back, effectively lift their combined voting rights to >50% and so took ultimate control of the company. The company now had $25m to $30m in cash and assets. Well at the next AGM, they used their rights to secure VERY favourable salaries, as well as UNBELIVABLE options and other benefits. The company started to haemorrhage, the SP drop far below asset and cash backing. Shareholders, like everybody watching knew what was going to happen. The best option individuals had was to "sell". As the company went into fee fall, the board purchased the cheap shares until such time as they took the company private, along with other assets. And they lived happily ever after