Could it also be possible that someone with an intimate knowledge of a dying Australian company's financial/potential position contact friends (in say America) get them to put together a takeover bid at a very, very low price and a guaranteed position on the new board. Then have a couple of locals jump in and heat things up a little because someone has got a sniff of better than average news forthcoming, therefore increasing the share price unexpectantly. Could they then put a stop on the action (eg trading halt/suspension) to give time for the mates to get their offer together before too much damage is done. These are just my thoughts with absolutely no proof but sure sounds possible. Surely shareholders would always be considered first and foremost in any such negotiations. (If they were ever to take place). Silly me for thinking such a disgusting thing could ever happen.
ACL Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
