GUJ gujarat nre resources nl

asic complaint... t4p please read, page-3

  1. 5,526 Posts.
    Mate i don't think much can really be done.Whoever was the one responsible for feeding the buyers and capping the price done a good job and all was done within the law.Some might say it's not morally right to do this but it's pretty hard to prove and trace down who exactly was doing such things.
    The management have had this plan from when-ever they dicided to merge and was probably planned out easily a year or more ago, probably from before listing and i reckon it's been managements intent from then.I said in a post on the thread GUJ that this was a dud merger and directors are just looking after themselves.The only way to make disgruntled holders happy again is to black ban the company and directors or anyone involved with them all across the board.Don't buy anything that has something to do with them ever again and make it known to everyone else.Only deep pockets can make money from the merger.If no-one rated the stock from day one they would have struggled to have a sp of 20-25c imo.Everyone will learn for the better from this coy including myself and i will never touch them ever again, even if they look impressive as a merged entity.F#@k them dogs.The only way to crush them is to have nothing to do with them, it's the shareholders who keep mobs like this in the game.Compaining probably will be a waste of time and the company will have done just about everything right to know what they were doing and within the law.This does happen a lot over history where ordinarys get screwed.Even Packer has owned business's where he has shut thyem down and workers have lost money and entitlements, if anyone thinks he hasn't they shouldn't be in this game.One thing rich people do is take advantage within the law and screw ordinary people.Eventually if no-one wants to buy into the new entity they will probably de-list, depends how much of their operations they have in OZ and keep them going.
    Anyway i hope all works out ok for everybody involved and hope you do go through with a complaint as nothing will be noticed by asic if it never gets done.
 
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