I think the directors of this company may come under some scrutinity on this recommended deal
The fact that they refused the additional due dilligence to Laundy and his cohorts allowed Goldman Sachs to get the position they got
Some very pointed questions need to be asked of these directors
I feel sorry for the holders as whilst there is signifcant NTA the directors and banks are going to make sure that shareholders will not benefit from this
As to ASIC.. well they are a bunch of half wits that couldn't get a conviction if it was handed to them on toast
I think they only hope unit holders will have is if a class action lawayer, or some other legal action happens
RPF Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held