TIM 0.00% 4.4¢ timbercorp limited

It looks very sous to me they had full details two days before...

  1. 134 Posts.
    It looks very sous to me they had full details two days before the asx announcement.

    The other thing I find odd is the eligibility to participate in the spp. You need to be a registered holder by 7pm on 5/12/07, so anyone such as myself who bought on the 3/12/07 the day before the trading halt came into effect is not eligible for the spp but then cops the drop in price due to the 15% discount to the last price before the halt. The whole thing makes no sense to me, I guess if you sold on the 3/12/07 then you can buy some back again a couple of weeks later at a 15% discount so thats OK for them, its like a 15% special dividend payment.

    Any comments?
 
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Currently unlisted public company.

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