That is my point Malagaroo.I'm not creating a conspiracy but looking at facts in the ASX announcements. We would have all read them when they came out but it's only when you look back in hindsight that things become clearer (or is that muddier?)
I have yet to trawl through the other long post but I do remember now that it did possibly link in to a previous company though all I see is that Blumbergs company Hawkswood borrowed money to buy 80 Million ADY shares & yet we (ADY) have somehow been cornered into paying back $10 million for his share purchase which has created the situation we are in now. Directors purchase their own holdings & pay for them out of their own pockets so how does it work out that we pay for his shares & why announce it in his own name a year ago then alter it after OPES?
An announcement on 2 Nov 07 has ML receiving 79,800,000 ADY shares as collateral for the purpose of short selling (some did ask PT if that related to AB) & on 12 Dec 07 they handed 50 million back but the only trading platform that allowed short selling on ADY was OPES so with AB being a director of both companies it is a conflict of interest which went on for 6 months until he resigned in Mar 08. ASX really did nothing about it even though it was reported & I think they are lapse to look into it further now as it will highlight how incompetent they are at letting people get away with this sort of thing.
We're all tired from beating our heads up against a brick wall here but I'm going to delve for more answers & try to get the powers at be to do so as well before I let it rest & as you are a first time poster here I suggest you put me on ignore so you won't have to read anything I find out.
Adios for now.....
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