Ousia,
Your posts are very informative and you tell it how it is.
The following os an excerpt from 'The Age' (Ari Sharp)
<Ari Sharp
March 7, 2009
THE board of Progen Pharmaceuticals has launched a last-minute campaign to get its merger with Avexa over the line next week, offering stockbrokers financial incentives for clients who lodge proxies in favour of the deal. But a court ruling scheduled for Monday may deliver a significant blow to the merger plan.
In a campaign BusinessDay understands is being co-ordinated by PricewaterhouseCoopers on behalf of Progen, stockbrokers will pocket a "broker handling fee" equalling 0.75 per cent of the value of the shares of clients who lodge proxies in favour of the deal. The payments can range in size from $40 to $500.>>
Full text link: http://business.theage.com.au/business/progen-sugars-avexa-merger-20090306-8rib.html
I find it difficult to accept that buying affirmative votes is within the law. That's a lot different from simply encouraging holders to vote.
"Broker handling fee"....what a load of cr@p!!
With the three directors holding very few shares between them, your take on their motive is the only one that seems to fit.
- Forums
- ASX - By Stock
- vote buying: serious issue
Ousia,Your posts are very informative and you tell it how it...
-
- There are more pages in this discussion • 2 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 PGL (ASX) to my watchlist
|
|||||
Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.30M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 44.5¢ | $51.75K | 116.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 507241 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 217306 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 507241 | 0.445 |
5 | 789059 | 0.440 |
3 | 8500 | 0.350 |
1 | 2500 | 0.200 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 217306 | 9 |
0.460 | 100000 | 1 |
0.490 | 21811 | 2 |
0.500 | 2000 | 1 |
0.590 | 292887 | 2 |
Last trade - 13.13pm 26/07/2024 (20 minute delay) ? |
Featured News
PGL (ASX) Chart |