re: Ann: Acquisition and Demerger Schemes Ind...
roiboi123,
Stock landing can be quite profitable belive me. Especially when the votes are needed to achieve what one has planned to achieve in the first place. And without a doubt, I wouldn't put that past the Management either. After all they are entitled to vote their shares the same as for you and I. Only Shell/Petrochina can't.
It has happened before, and it will happen again until the ASX and ASIC will decide that it is unfair for the unsuspecting and smaller shareholders, and a very dodgy way of doing things.. And don't forget that the ASX will stand to make a killing with all their fees if it all goes through as well. The last time it happened that I am aware of because it was published, was during that famous Brisbane Freeway saga with Macquarie and others where one of the contractors (the major one) involved in the multi multi million dollar project, borrowed million of shares, (and from memory paid about $5million dollar for the privilege), in order to get the resolution through. And it of course worked, because they knew before hand how many votes they needed to reach that target and get the resolution through. Don't forget that the Board knows well in advance how many votes are for and how many are against. After all it is one of their privileges of being on the Board.
These are my thoughts and please, DYOR.
Buddy
AOE Price at posting:
$4.85 Sentiment: Hold Disclosure: Held
