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17:20
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Originally posted by bri
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Here is another Letter sent to the ASX where as I am not a legal professional pure common sense of the reading would suggest that I will not be too far from being right?Dear Siranonymous partner be prevented from voting their shares either direct or by proxy because of massive Conflict Of Interest. Minority shareholders request that you enforce your rights in this matter We on our part will obtain an Independent Valuation So that a fair offer can be obtained on this take over /amalgamation far in advance of the ridiculous LOW BALL offer on the table at present. I speak for over 300 disgruntled Minority Shareholders, the same Group that forced an EGM on NKP previously.
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Good on you, Brian.But as the ASX is, as far as I'm aware, a self regulatory body,it's actions or - more to the point-inactions will be determined by commercial self interest.Any such body that allows aftermarket transactions to determine on-market sps,especially bot transactions of one share, hasn't really got retail and or minority shareholders interests at heart, in my view. I feel a legal opinion by a suitably qualified lawyer familiar with Bermudan and Australian Commercial Law should be obtained because its London to a brick Zinjin are working towards a strategy that utilises Bermudan Commercial Law to out flank minority shareholders.And, whatever it is, will need to be countered.
