Green could not bow out till he gave a complete statement to other members of the board and other interested parties to insulate those who benefitted from the initial float. Its going to be a bitter end.
Babcock and Brown will go down as the most outrageous failure of the regulator to check complaince by companies.
Already the talk in the shops of Singapore and KL is that in Australia your taikong is better than ASIC or the ASX or the courts.
Taikong is the term used to describe someone of Mick Gatto's position in all of this.
In fact there are Malaysians and Chinese from South East Asia and China who have put money into many ASX listed companies for the very same reason that these can be stripped and played around with to the detriment of the Guai Low (round eyes), through a quick in quick out grab.
Shame ASIC. Shame ASX. Shame Babcock and Brown!!!
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