massive conflict of interest and act breaches?

First point - don't expect a sliver of help ASIC, who are too feeble to enforce they law.


Peter Luk is chairman of BRM and Wah Nam. Hello.,.!!!!

Secondly, what inducements have Norgard and Paterson been subject to to betray BRM shareholders, and which offsets the decline in value of their own holdings.

If so they are all, or soon will be in breach of S.627 and probably S. 623.

CORPORATIONS ACT 2001 - SECT 627
Discriminatory conditions not allowed for off-market bids

Offers under an off-market bid must not be subject to a condition that allows the bidder to acquire, or may result in the bidder acquiring, securities from some but not all of the people who accept the offers. It does not matter how the condition is expressed.

Also check out S.623
http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s623.html