EXS 0.00% 26.0¢ exco resources limited

Mums,You should never be reticent about asking questions. Some...

  1. 2,474 Posts.
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    Mums,

    You should never be reticent about asking questions. Some may be unsympathetic but others with a great deal of knowledge will offer advice.

    If others want to adopt a superior attitude, that's fine, but last i heard was that HC was for everybody to share and learn.

    I'm not a legal eagle and I find rules and regulations boring at best, but my understanding is that a company can buy and sell shares at will, providing there is no attempt to mislead or defraud shareholders. There are also limits after which a company must declare they are a significant shareholder (5%?) or when that shareholding changes. There are then clear time limits regarding when the market must be notified.

    It is the 'mislead or defraud shareholders' part that has so many share traders up in arms. See this post calling for action: Post #: 539332

    Companies, brokers and financial institutions appear to have the upper hand by instituting anonymous trading action that is deceptive, as well as deceiving by the use of misleading announcements or even "independent studies" which may not be so independent (see LYC thread) to further the interests of some at the expense of shareholders.

    Does this apply to EXS? It's possible but, I'm not suggesting that, what I am suggesting is that one would think that at cash backing (post sale) of 62c (plus remaining assets), on an even playing field the market should think this is incredible value.

    So yes, I'm suspicious.

    Incidentally, I saw another little glitch in the posts that appeared yesterday ...did anyone else see it?

    Perhaps it's just the HC legal team being careful.


    Cheers,


    John S.







 
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