OXX 5.26% 3.6¢ octanex limited

buy back problems

  1. 1,190 Posts.
    Given there is a proposed merger btw PKO and OXX, and given the directors of OXX have full knowledge of PKO and its arbitration status, and buyback by OXX directors would be considered a potential insider trader issue.

    After the arbitration result has been announced and all information is out, then a buy back would be ok. IMO

    Also OXX back back is largely just to prop up the sp, potentially just prior to the merger. So a distortion.
 
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