what the absolute disgrace to ASX are its own words.
Best interest of shareholders is to delist, etc. ie, give them nothing , than something.
Are those words the noose around ASX neck ? does this statement, represent a complete contradiction ?
Should ASX not therefor be challenged in all forms, be it the media ? or other wise potential liable ?
They run this boarse for the investor. But the ASX is a casino. When are ASX held to account for when it is ASX that they are the ones in occasionally breach of their duty and responsibility , does not entail them to the complete and total destruction of a company??, on the basis, of one event, that is mildly dilutive at worst, for the average holder. Rather, imo, they ought to be penalizing the guilty not the innocent.??
I would rather face a 1-2 dilution over this scrambled egg, than the 100-1 consolidation that comes with a company going into administration, because it is delisted and starved of access to capital, or the value of its assets appreciating through market price mechanism.
Shame to ASX, and should not that be the message, of sorts to the media.
I would like to see media that pick up on this contradiction in ASX language.
Best interest of shareholders, PIGS a !
It looks to me like cant unscramble the egg, lets throw them all in the bin, is just laziness, and surely someone is not doing their job, or that their job, does not have a charter of being fair, and equitable.
Rather, if ASX get away with it, is it not a charter of we do what we want, and damn the consequences to the innocent.
Thats my opinion, and entitled to it.
Does this group of shareholders, have a charter in its actions, to challenge ASX directly and to the media ? to the principals of fair and equitable punishment, not a slaughter of the innocent. ?
