I can tell you this much you definately have been cheated. I was sus from the point when they failed to raise the 100mil required. Centro was rolling over billions and we struggled with a 100-mil when we had far more then that in equity.
Charter hall took over all the maquarie reits. but left ddr due to high gearing and complex nature of managing a US trust in AU.
Maquarie where desprite to offload the trust and management of it. it is clear a deal was mapped out for EPN in the board rooms there. Maquarie got the highest price for their shares while EPN paid minimum price for theirs. I'm surpised to class action has been launched.
The holders have been screwed. The reason for the cap raising and not take over at the time was simply to allow EPN to get the trust at the cheapest possible price.
Distros where not paid to allow for "leasing initives" i would love to know what these entailed if any where paid. Paying no distros left the cash in the business and allowed them to keep the SP down. Their is soo many questionable things in these transactions it pains me to mention them considering its cost me 10-20k.
This was a ripper of a stock and if the 100mil was refinance like it should have been we would have been all very rich right now. The problem is being such a small cap how easy is it to make a stir. I would love to be able to start or be involved in a class action against the directors as I feel they didn't act in a manner that was most benificial to their holders. Thing is MDT/EDT once again is soo small i fear no one gives a sh^%!
EDT Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
