News: Guildford Coal receives unsolicited offer for Australian assets, page-5

yes, and of course, they were the directors who drew up these agreements (funny how mr KON is a laywer - all legit of course) added to the fact that they owned a vast amount of stock - so guess who was going to vote in favour of the rort each time?!!! rort??!!

and now, they sold down only a month or so ago - and now..."this unsolicitored offer from a private source"...to leave us remaining shareholders with the debt, walk away with the growth assets and do all this again, with a new company and pay themselves extortionate amounts to be directors - promise the new shareholders (suckers) 5 mt per year production at amazing margins, drag out road permits etc, do a few more cap raises, get the entity in heavy debt, then offsell the core assets to another related party while keeping one non -core asset (near production) for the next lot of clowns...

lets not let them get away with it...