what's happening?

Thursday 9/3, Sydney Gas releases 31/12 Half Year Report to ASX.

Friday 10/3 Takeovers Panel rulings released.


Later on Friday 10/3 at EGM QGC Chairman says -
"Let me be perfectly clear. QGC regards its bid as being fully on track.........."

Tuesday 14/3 as reported in The Australian, Richard Cottee says he was no longer enthusiastic about taking over Sydney Gas after the release of SGL's half yearly report. He said the report didn't fill him with enormous confidence about the future.

Question - why didn't he say that to QGC shareholders last Friday????

SGL's HY Report was in his hands for nearly 48 hours before EGM.

Guess QGC shareholders may not have voted in favour of the motions being put to them if they knew Cottee's true feelings.

Apart from being diluted for $2.1m worth of shares @ $0.60, it appears shareholders have been misled!

Where are you ASIC when QGC needs you?