[Matra et Alpine]

Originally Posted by 3yearsharehold

Matra et Alpine,
If you rob a bank the Judge isn't interested how much money you were after.
"Hardly a significant "sell down"..... A quarter of 1% is significant, besides any buy sell should be disclosed immediately regardless of share price.

You're argument is flawed as you have assumed "robbery" if it's "Legitimate" then the whole argument is moot.
What are the limits on OZ listed public companies ?
Directors are ONLY requed to indicate "significant" share transactions in US or UK exchange.
What is the position of the Australian markets ? No point thinking on this if the number is below that.
PS: 1 quarter of 1% is NOTHING in share ownership.

"erm explain last part please ?" Three weeks before rights issue the shares traded 40% higher, so the question is did Howell-Smith Number 16 sell then buy back.
A quarter of 1% BHP = $300 million

Where are you getting that the shares are worth $300M ?
As I understand frmo these pages, the share price plummetted.
Investors can't apply old prices to more recent events. The ombudsmen don't look it like that So no point us

ASX Business Rules & Listing Rules
associates include:
........
For the purpose of this definition, relative means spouse, defacto spouse,
parent, son or daughter or a spouse or defacto spouse of that person.

fairly standard for stock market rules.
BUT what's the relevance ?

Voluntary withdrawal of listing
2.25 An issuer whose primary listing is on the Exchange may only voluntarily
withdraw its listing if it gives the Exchange at least 90 days notice and the issuer
has obtained the approval of the holders of each class of its listed securities by
way of a three quarters majority vote at duly convened meetings of those holders.

agaiun, soudns like that is what is being proposed.
eg a MEETING to vote on the board/directors proposal to de-list.
Again ... fairly standard the world over.

This seems like the same old ground.
Investors put money in without realising the risks of investing.
Sad, but the realistic situation in investmentis that most "lose" ( or don't win as much asexpected ).
I consider it a good year if at least 1/3rd of my choices come up positive.
But that's the risky market play and as long as that 1/3 delivers $$$$ then I'm more than happy.
No point getting worried over the 2/3 I lost on !

If I am readingi tt rght and there are still investors thinking they have a right to "more value" then I'm afraid they're learning lesson one of investing. You lose. Lesson 2 is sometimes you win.