the orchestra, page-5

"I think the main issue that comes out of this takeover is that in future there should be a regulation that requires solid evidence of financing before a bid can be launched, so that retail shareholders do not have to put up with the BS that we have endured."

there was a fake bid for david jones some time last year. it took management a day or two to call the company up and figure out they were nufties. that isnt to say these european 'bidders' werent making gains on the market, which is highly probable and probably the point of the whole exercise.

makes yo think what could happen when a greenie in the middle of the bush causes WHC's sp to fall 8% after releasing a falsified document.

management should really have played hard ball with HL from the start by rejecting their bid and telling them to come back with some cash. the agreement signed by HL to pay a breaking fee isnt worth the paper its written on.