Ann: AEL's Increased 42 cent offer for Adelph, page-28

re: Ann: AEL's Increased 42 cent offer fo... "The ASX rules permitted these tactics."

Exactly as I posted.

"Vent your justified anger at the ASX not the Board."

Nope, IMO the ADI BOD is directly tp blame for this situation for a number of reasons:

1. Type and release of information

As elaborated in previous posts

2. Ridiculous cap raising

Timing was bad. Target wsa bad. Price was bad.

Target was to the 'sofisticayted' crowd and didn't include ordinary shareholders. They shot themselves and the ordinary holders in the foot. If you people want to use something to take to ASIC this is probably the best route to take along with the release of the funny timing of well results.

3. Target statement

Poor analytics that undervalued the company by using the wrong criteria of a cost of capital that was not relevant to the situation.

The real 'two cents': ordinary shareholders have been sold down the river. Hey, just like kevin07's mining tax!!!