There is a company throwing a loose figure of "52 cents" at Westside to gain access to a due diligence process and start their "squeeze" tactics.
It's one stage up from "tyre kicking" (but not far off it)and being non-binding, is just as deadly useless.
One thing The Chinese are very good at is exploiting the holes in our various regulatory systems to gain an advantage.
Refer to DML making a formal complaint to ASIC about their so-called "takeover". The Chinese were laughed out of the office. More dodgy "get out" clauses than you could poke a stick at, with very questionable legal advice. :)
Anyway, all this does is continue to damage their reputation long term but they never seem to mind.
Continuing to hold here while I watch all the shares I have previously owned go through the roof with no end in sight.
*sigh* story of my life!
Cheers,
WCL Price at posting:
32.5¢ Sentiment: None Disclosure: Held
