BBI 0.00% $3.98 babcock & brown infrastructure group

Boof what would be the cost to an insto of selling 60 million...

  1. 1,464 Posts.
    Boof what would be the cost to an insto of selling 60 million shares from one entity to an unrelated entity and then back to the original holder.

    needs no announcement re exceeding 5%, instos can get bulk billing price and the nett cost is merely whatever brokerage is incurred by the ASX.

    The potential gains by elevating the share price of BBI from 7.5c to 18c and Beppa from 9c to 20c when conversion was going to have a n 8-14% influence is a mere bagatelle, now it MAY be illegal, but when sees what various pumpers and dumpers have done with many stocks over the years it does not seem outrageous to me.
 
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