That was a very good post, if I have ever seen one. Well detailed in telling us what did unfold in this very good theatrical affair.
I have to admit though, that I was expecting this to happen the moment that BPT came into the scene with the front door of ADE fully opened and with the red carpet layed in front of them as well. Like you quoted, I thought at the time that it was going to be a repetition of the Horse of Troy story. I have rang the company expressing my concerns at the time, but I was told that my concerns weren't valid and unfounded. BPT was to be our company maker and our God sent saviour. YEAHHHHH. We all know now who's company's saviour it was.
Although I fully expected it, because I have grown very sceptical about BPT over the many years that I was invested with them, I have to admit that I've never expected it to come out so very soon. At the time I was loading up my holdings, but obviously not expecting it in such a short period of time, not enough as I would have liked to.
The Mr. Walker affair, has got me intrigued from the beginning of time, and I have got no intentiosn to emphasize as to why I was intrigued. Nevertheless I was ready for the "Expect The Unexpected" part of the story.
IMHO, these people don't invest in companies just for the sake of investing, and as such, I belive in what you wrote that when the first announcement came out of the blues from BPT, it was all very well premeditated. And it was well premeditated without anyone on our Board knowing anything nor having a small sniff about it. IMHO, all the Board did, was to candidly play into the disingenuous hands of BPT.
But, hey, this is the Sharemarket that we are talking about, and where dog eats dog. Aren't we not ??
As for ICN, like you I am an holder there as well. And yes, I have seen that story unfolding in there and I have to agree with you that IMO, There are no morals in the BPT Vocabulary.
Cheers, and I may pop my head in the ICN thread some time. As I do still hold shares there, I may do.
ADE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
