a very interesting observation ..., page-6

Very well said tooli.

Wish more posters here would admit that the plans for merger were being drawn up prior to cap raising and as you stated...no matter what monies were involved, if a director or company employee for that matter, buys with prior knowledge of an event, that has legal implications under insider trading. Self gain becomes a motive whether intended or not.

Seems to be many investors who think takeovers happen overnight. Get over it people! As I said before legal, financials, logistics, geo-surveys and valuations etc take considerable time before parties reach agreement on whether synergies are relevant or not.

Why was there a need for a cap raising? Answer me that and justify it please.

amok