The BT and DDT merger makes no sense apart from lining the pockets of Sexton. I think you'll see more of this as the company fails to deliver on its financials. They have completely stuffed up their overseas businesses - what happened to the deal with TMT Trading Company Limited, Vietnam Beef Business Company Limited (stated that it targets a minimum of $10m sales in the first year), MM Mega Market, Hondo ($22m growing to $90m), the proposal from the Korean company etc. Who is held to account for these deals being announced but never eventuating. Surely it's misleading.
I can understand why shareholders of DDT would be wary of BT as well as far from happy with their own directors.
BFC Price at posting:
22.5¢ Sentiment: Hold Disclosure: Not Held