JUST SENT AN EMAIL TO BYRNE , TO ASK THE QUESTION WHY HE AND THE BOARD OF DIRECTOR'S RECOMMENDED WE SELL OUR SHARE'S TO BCP WHEN TODAY HE TELLS THE MARKET THAT NIDO HAS AN EXCITING FUTURE GOING FORWARD.
I ASKED HIM COULD I CANCELL MY SELL ORDER GIVEN IS EXCITING NEW'S ABOUT NIDO.
ANOTHER POINT I WANT TO MAKE
BYRNE HAD 12.037 MILLION SHARE'S DIRECT AND 47.955 MILLION INDIRECT
BLOCKING HAD 6.305 MILLION INDIRECT
OLLIS HAD 1 MILLION INDIRECT
VALENZUELA HAD 1 MILLION DIRECT
EDWARDS HAD 1.210 MILLION INDIRECT AND 260.000 DIRECT
I WOULD HAVE THOUGHT THAT BYRNE WOULD HAVE HAD A CONFLICT OF INTEREST GIVEN THAT HE WENT FROM A HOLDING OF 10.37 MILLION SHARES AT 10 MARCH 2014 TO 60.032 MILLION SHARES IN SEPTEMBER 2014
BYRNE HAD THE MOST TO GAIN FROM THIS BCP TAKE OVER. IF THE TAKE OVER WAS NOT GOING THROUGH , BYRNE WOULD BE THE THIRD LARGEST SHAREHOLDER BEHIND HSBC CUSTODY AND CITICORP NOMINEES.
CITICORP AND HSBC , YOU WOULD THINK , WOULD HAVE BEEN CONSULTED ABOUT THIS DEAL AND THIS COULD EXPLAIN WHY THE SHARE PRICE ROSE FROM 3.1 CENTS TO 3.8 CENTS A SHARE AROUND 25 JULT 2014.
THE ASX WOULD KNOW WHO WAS BUYING AT THAT TIME , BUT THEY ASK NIDO , WHATS GOING ON, NIDO SAYS , I DON'T KNOW AND THATS WHERE IT END'S . THE LITTE GUY GET'S POKED AGAIN
NDO Price at posting:
5.5¢ Sentiment: Hold Disclosure: Not Held
