Another bid coming?, page-25

Hi gasoroil

"has the board stated they reject the Scheme of Arrangement
no they haven't and why allow harbour in to look at the books
anyway you will be voting soon,plenty of harbour friendlies buying up stock for a yes vote"

Have you ever thought that what is happening is illegal?

Since when can a board of directors open its books to any external party except company auditors, tax dept. and ASIC?
We can't have it both ways. If its non-binding, and they don't like what they see, they can just walk away. Meantime they have had access to inside information. And access to information which is not available to the general public is illegal.
Our Directors should be ashamed of them selves for allowing this process. If they want the company the directors should have told them to make a public takeover. Let them buy shares on the market. As it stands they are win win situation. If they like what they see, they know that there must be upside to Santos and go ahead. If not, they will walk away and the share price will tank to $5 or less because they will effectively tell the world that the company is crap.

Pear