independant "expert" values srp

Perhaps the biggest laugh today is the "indepandant expert" report which SRP has released today as part of target statement -

Fosters offer is " neither fair nor reasonable."

Lonergan edwards and associates values SRP at $4.75 - 4.80 per share.

++++++++++++++++++++++++++++++++++++++

The must have picked that from the clear blue sky as the average broker valuation was $3.20 per share and the Oatleys conducted a dutch auction around the globe to arrive at $4.18 ( the bid ).

My question is this, if FGL were to dump their bid and retain the 18 - 20% cornerstone stake in SRP - that would dump the share price and shareholders in SRP would not get fair value for their stock - could the "independant" expert be held liable ?

and

Who polices the independance of these companies ? - could I set up a $2 company and begin to release reports ?


finally, I liked when my FGL shares were hitting $6 prior to the rush to buy SRP - i hope Trevor Ohoy dumps it and SRP tanks - FGL's share price would snap back to its previous levels.

singas

I hold FGL