Originally Posted by
nextbigthing
Was dining in a fine restaurant this evening and overhead the following from a very intelligent sounding gentleman, his words not mine, something along the lines of,
"PEB would not have to pay 500k if the FMA believed any part of their story.PEB got caught red handed trying to manipulate when they were announcing hype to the market place pure and simple.
Not often has a NZ publicly listed company had to reimburse investors, that were out of pocket, for breaches of the continuous disclosure laws. Most (95%) of breaches get a slap on the wrist, so this was no minor offending. This should ring alarm bells"
Or something to that affect. He got into a Lambo later on.