BBI babcock & brown infrastructure group

question for melua, page-6

  1. 14,880 Posts.
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    "e)why trading at 5.3c? was original deal 5c div"

    Small premium for possibility of rival bid getting the nod.
    The insiders knew exactly what the deal was.
    I sold out of BEPPA and made very good money but I feel a bit stiffed that the insiders got my BEPPAs cheaply in the end on insider knowledge we didn't have. We were fighting with one arm tied behind our back. This would be an easy case for ASIC to pursue. Even I know the major broker who was buying all the BEPPAs up to 20c. Wouldn't take much to get all account details and drag people into interview rooms at ASIC headquarters and grill them individually with Aust Federal Police in attendance. Offer immunity to a few small fish and watch them all roll over and squeal like pigs. Start talking or we'll press for 5 years jail.
 
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