Because as I already mentioned , there is no clear or apparent breach in the law IMO, One which in my mind has the effect of misleading or fraudulently misrepresenting any Investor in these 3 companies
Highlighted below in bold are some of the reasons I have come to this conclusion. It is my opinion , we would of been made aware of a move in this direction already. That's not to say it may or may not still happen though :- But given that MTL has been allowed to trade again, I am still of the belief that this is more a ' Witch Hunt ' against Everblu which ultimately is rather unfairly effecting both VIC and HDY and their differing project aspirations. And all this whether they are in fact of Quality or otherwise. So I would ask the question again :- Shouldn't we the investors be allowed to judge this in a fair and transparent market ? ...and in a way that doesn't structurally damage the liquidity and / or the tradability of our invested securities ?
In answer to your penultimate statement. There are many such private transactions which occur in not just our market - but many around the world. The percentage of private companies and various investment(s) , assets etc..... is far more than the combined total of all listed entities. So I would expect these sorts of transactions to occur as frequently as our current business cycle is allowed to function into perpetuity.
In response to your last question and like you , I could only wish so don't be ridiculous. I am only here to make money when this dust cloud settles. And as I have relatively low exposure as compared to many invested here, I will re-assess and defer my decisions as to the averaging my position when the time is more appropriate. At the moment we are purely guessing as to when this will be and how it plays out from here......
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
The ASIC Act requires Them to:
maintain, facilitate and improve the performance of the financial system and entities in it
promote confident and informed participation by investors and consumers in the financial system
administer the law effectively and with minimal procedural requirements
enforce and give effect to the law
receive, process and store, efficiently and quickly, information that is given to us
make information about companies and other bodies available to the public as soon as practicable
take whatever action we can, and which is necessary, to enforce and give effect to the law.
Who They regulate
As the Markets Regulator, they assess how effectively authorised financial markets are complying with their legal obligations to operate fair, orderly and transparent markets. They also advise the Minister about authorising new markets.
On 1 August 2010, they assumed responsibility for the supervision of trading on Australia’s domestic licensed equity, derivatives and futures markets.
Their powers
investigate suspected breaches of the law and in so doing require people to produce books or answer questions at an examination
issue infringement notices in relation to alleged breaches of some laws
HDY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held