The intitutionalised theft is more or less complete. What makes...

The intitutionalised theft is more or less complete.

What makes this theft all the more disgusting is that fact that order 3b(vii) of the takeover panel's original orders published on 29 Oct 2018 has been removed in the subsequent orders made on 21 November 2018 without any apparent explanation or fight put up from Tribune's lawyers.

Order 3b(vii) said that the appointed seller needed to

"notify ASIC as soon as reasonably practicable if (without being obliged to do so) it forms the view that disposing of any or all of the Sale Shares within 6 months from the date of its engagement would result in the material decrease in the. Tribune share price"

Let's be clear this order was removed when the orders were varied on 21 Nov 2018. It also used to say any or all!!!

How are shareholders being protected or how is market integrity being protected by giving these shares to the bankster scum to do whatever they like with, at whatever price they like???

Why are the shares in the hands of Morgan Stanley any better for shareholders than them remaining in the crossheld situation which was allowed by ASX and AISC to continue for 8 years with their full knowledge. That is a documented fact.

Everyone knows how illiquid TBR shares are. Why was order 3b(vii) removed? Who removed it? and on what basis was it removed? Why aren't the shares first offered to existing non-Billis related party shareholders on a first right of refusal basis. We are far more entitled to these shares than the bankster scum.

It seems to me that the Billis related party interests were more interested in complying with the takeover panel's orders in relation to their own interests and getting the gold of the companies than looking after the all shareholders. There is no way they couldn't have won a legal argument over retaining the share buy back rights which would have helped protect shareholder interests.

If the board had the authority to distribute those dividends, ie had legitimate power under the corporation to direct the company, then surely it has the power to decide to buy back shares or not. The takeover panel should have no authority over the power of the board to conduct business under the corporations law. A buy back has nothing to do with the illegal crossholding or the Billis related party disclosures, it's simply a power of the board under the corporations act that has nothing whatsoever to do with the original complaint/application to the takeover panel.

The board of TBR should now resign on the basis that they have failed to take steps to protect shareholders interests in these proceedings.

ASIC should be disbanded and reformed on the basis that they knowingly let the corporations law be breached for 8 years in this case; and

The takeover panel should also be disbanded for being a bunch of incompetent academic non-judicial riff raff that make it up as they go along removing orders that are designed to protect the people they are supposed to be protecting without giving any reason and also for entertaining this whole fiasco in the first place. If the takeover panel was a real court with the constitutional power of a court they would have the ability to throw me in jail for contempt for just writing this statement above, they aren't you see, just another Kangaroo court that our weak board couldn't stand up to. All of this should have gone for judicial review in the Federal court to really protect shareholders but our directors prefer self interest, always have. Esh