I have a reply from the ASX They say that they are looking in to my complaint TO SEE IF ANY ASX LISTING RULE HAS BEEN BROKEN. This is important because if NO listing rule has been breached you can get away with bloody murder on the ASX. You can steal money make illegal loans without shareholder approval be a party to fraud as well as a lot of other actions with complete impunity. A reply is promised within 15 days.
This complaint is small beer in the scheme of things it may as a minimum force a raising of the offer to 10 cents. It may also clarify if they are going to roll over on their own listing rule of 90% compulsory acquisition
or whether they are going to cede to a Foreign Exempt Company what I believe is NOT their right . My understanding is that Bermudan Companies Only get exemption as to their right to the 20% takeover rule threshold. I may be proved wrong lets see.
With me I get great pleasure in even small wins against these Predatory bastards.
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