It's the Falak method - remember how Falak actually attended and voted using 4000 shares or something like that, and then he claimed he made a mistake. Someone else was his Proxy for another portion of his shares.
He lodged his Takeovers panel application only after 3-4 weeks (to be successful he should have lodged it the next day according to Panel's past rulings which Freehills were well aware), his lawyers were saying some Swiss Bank or business signed off the acceptance without authorisation. Falak or his banker or anyone involved in this super-expensive transaction did not appear to give evidence to the Tribunal. Mate, of course they knew that takeovers panel would never reverse acceptance in such circumstances - this was well planed and premeditated advice provided by top lawyers.
When people like Falak, Mittal and PMM are involved this is no longer small fry - nothing is a mistake - they have legal teams and advisers who are paid millions of $$$ - even to orchestrate a mistake and take legal action.
GWR Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
