pt you can run but you cant hide, page-10

"(The ASX announcement in May 07 states Anthony Blumberg bought 80,000,000 shares in ADY yet a year later just after the OPES drama they rescind the ASX notice & say it was his company Hawkswood who bought them & yet us shareholders have to pay him back for the shares he bought...we don't pay any other directors back if they lose their shares & its possible they were part of the 225 million shares already sold by the ANZ so how do we get access to this information also? )"

Katy,

Quite obviously the shares were for himslef, but as the sh1t hit the fan, he didn't own them anymore. His Company did. As to how ASX did allow that announcement to be revoked/made 12 months after the event, it is anyone's guess, but surely ASX should have asked the question and have the matter investigated at once when the news was released.

YOU CAN'T ALLOW THAT TO HAPPEN. HOW CAN A DIRECTOR BE SO STUPID IN THE FIRST PLACE, LOL. HE WOULD HAVE RECEIVED MULTIPLE NOTIFICATIONS OF HIS HOLDING, SHOWING THE NAME OF THE SHAREHOLDER UPON IT.


"(Does anyone who has a contact name on a letter from ASIC want to ring them & ask any of the above questions.)"

If we take notice of what just happen in the USA with that US$50billion fraud, and today it was announced that warning signals were issued by knowledgeable people and ex senior accountants and employees to the SEC up to nearly 10 years ago and the SEC failed to take any action upon it, it is any wonder that the world is in such a mess??

IMO, ASIC is not much better, unless they are prepared to start and to the right thing by the poor unsuspecting shareholders.

Good luck to us all. One day maybe......

Buddy