interesting process that the chinese used to bring A40 undone ( besides management incompetence) :
A40 - chinese welch on the off-take agreements, crimps cash flow, share price declines, liquidation ( maybe a few other steps in between ).
Bellamys - chinese authorities deny some market access, share price declines, chinese make lowball takeover offer, Bellamys weak management accept offer ( and probably get their nice payouts ).
Our market rulers - ASX,ACCC,ASIC etc have not caught on to this process, it's a creeping takeover process that needs to be stopped dead in its tracks.
I am tired of losing perfectly good Australian companies to chinese/foreign buyers - it limits my investment universe.
A40 Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
