I have to agree that the whole situation is very strange indeed. This is particularly true for Coastal. By voting yes, they are sure to make money and if by voting no, they are in danger of losing substantial amount of money.
Remember that these guys are running hedge funds, their main game is to make $$$ for themselves, whether it is big or small, it is still profit. The question to ask is why would they want to turn a sure profit into a big loss by voting NO. As the fund managers, I am sure that they are well aware of the phrase "A bird in hand is worth more than two in the bush".
I think the whole thing is not black and white any more, it is no longer something like by voting yes will get you 10c and no means nothing in return but there is a secret agenda somewhere.
I hope we don't have to wait a long time to find it out. I hope it could be a good outcome but at the moment it doesn't seem to be like that.
- Forums
- ASX - By Stock
- AEJ
- the vultures have returned to pick at the bone
the vultures have returned to pick at the bone, page-10
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEJ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online