$55 million of shareholders capital returned to the majority holder - where is the ASA?
This must be a breach of the trade practice act where a large holder can manipulate the board of a seperate and destinct entity.
The real value in ECp has been its ability to preserve holders capital and bring net businesses onstream with future profits 2004 potentials not yet being realised. Is the board acting on the interests of all holder ?
Not bloody likley !
the $55million should be returned to all holders in the form of a one off capital return.
