Originally posted by Scarpa
Agree somewhat but the 'out of town' comment is partially relevant when it comes to small companies btw as small companies have few decision makers compared to large companies where lines of decision making can be moved in the absence of a player. Small companies operating on the smell of an oily rag, and even some large companies, conduct deals over the phone when things cannot be done formally in the same room. It is how companies are actually run when seeking to formulate a deal. You don't wait for all participants to be around the same table before yabbering.
Having said that, what should happen after the discussion is for email to be used clarifying what the participants understood to be the outcome of the meeting and the way forward for that the 'agreement' to find its way to any legal documents to enact that 'agreement". If the participants have a different understanding to the email then new discussions are required.
Having said that and as I said a few weeks back -in italics below - the ASX need to do something as this is becoming a joke - charge someone or let it trade. Pretty simple given the amount of companies I see on the ASX where price goes significantly north before an announcement is made (and no questions asked by the ASX for example on why that happened nor any investigation done to see who knew what, who purchased the shares, and at what time for example before the announcement was made public):
"
At some point the ASX has to make a decision been i.) let it trade,ii.) suspend permanently or iii.) charge Directors. I think for holders here it has gone beyond a joke a decision has to be made in the now one way or another. ASX needs to grow a spine rather than waffle. Seriously, make a decision, can't just keep going on asking questions forever. If they had a quid pro quo and put the "BOTS" that have infected stocks on the ASX to the same sword then I can see what they are doing but they come across as weak and spineless IMO, when they then let BOTS run amok. I am not a holder here btw, but hold VIC, but I made my decisions and take responsibility for them and have added these Directors to the list of never invest in any company they are associated with. So ASX either charge or let trade here, pretty simple, can't keep a stock suspended endlessly. All IMO"
I have done $12,500.00 on CAD & it looks like i have Lost $22,500.00 on HDY. SMSF taking a Hiding & to top it all off i have an operation in 2 weeks to remove Cancer "Prostate" i dont really need this other Bull sheet !!! Mike
