Jake, whilst I agree with your sentiment, I'm not sure that s/holders/general public get the opportunity to make submissions to ASIC as part of the "registration of the Scheme Booklet" process to be carried out by ASIC on Monday. If there has been non compliance of the listing rules in relation to disclosure of price sensitive information, and neither the ASX nor ASIC have done anything about it, s/holders get their chance to expose the company at the EGM in October. They could do this in a number of ways, but ultimately it will be the vote that counts. AGL started this process with only 12.8% of issued capital and it is unknown whether they will get the number of shares required at the EGM. This is especially so because of hedge fund buying in recent weeks of large MOS parcels. The outcome in my view is likely to be determined by the hedge funds working as a group together with some of the larger institutional MOS s/holders to convey a price to AGL which they will accept. Smaller s/holders can increase the voting power of the hedge funds by voting "no" with their proxy vote or "no" to $0.15 if they are attending the meeting in person.
MOS Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held