All we ask for from them is, as to why they tell us that we have to sell, and offer some reasoning as to why they decide to do that, and that it is all in our bets interests. Nothing more nothing less. To go from owning so much, to "get this, be thankfull and forget it""........
I am sure that you, like me have been through quite a few takeovers in the past, and I am sure that you would have to admit that you, like me, have never seen anything like this before.
From No to Yes in a couple of days and without any reasoning to it all leaves a lot to be desired. And not to have an Independent Expert Report to offer the pro and cons about the deal, that begs some answers as well. I believe that any reputable company would have organized this by now. But as for them....NOTHING..!!
An Independent Expert Report, although I admit they mostly write in favour of the people that pays for the report, has also an obligation to explain the pros for the sale and the cons for the sale as well, leaving all Shareholders to make an informed decision on accepting, or rejecting, the offer. At the very least a Shareholder can decide himself instead of having someone else making that decision for them.
Even today I received a Proxy form from BOW about the Directors awarding themselves a large packet of options. And in that Notice of General Meeting, there is an explanation in there telling the Shareholders of the pros and cons of awarding those option making also a mention of the dilutionary factors, before they can decide to vote FOR or Against those Resolutions. A little difference isn't there.??
I am sure that you would have to agree with me on that.
As to why you say that they have to be careful, I can't agree, unless of course you offer some reasoning behind your comments.
In the meantime, NAB is continuing to lend shares for shorting purposes I believe, like there is no tomorrow.
Can you please tell me why this is so..?? Especially since everything is supposed to be all above board..??
If it was to be the case, IMHO there would be no need for that, because the shareholders would be quite happy to follow the Directors and the Board's recommendations.
No, I do not believe that they are acting in the best interests of all the Shareholders if they continue to offer no reasoning behind it all, otherwise they would have no problems telling us why they are acting in this way. To leave it in the dark and hoping that we say YES blindly, IMHO it is asking a little too much.
I know that I may bash my head against the wall, but hey, it is all worth a try. Is it not..???
Good luck mate.
Buddy
AOE Price at posting:
$4.79 Sentiment: Buy Disclosure: Held
