He would, but ironically he can't as he lost his money for the lawyers fees on PEB shares :p
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Can't understand the NZX has not called the Chairman and CEO to come and see us and explain why the SP has tanked so dramatically.
Still think the NZX is seen as the Wild West of stocks.
I'm no lawyer, but NewGuy is OK if you read subsection 2 of
http://www.legislation.govt.nz/act/p...DLM330263.html
"..unless the making of the threat is, in the circumstances, a reasonable and proper means for effecting his or her purpose."
Still, to get a response it is always better to make a polite enquiry. See for instance Hancocks' enquiries.
Some need to calm down on here. PEB are hardly to blame for the wild swings in price. It has to be market makers, or institutions buying or selling in the background.
Someone wanting or dumping a 6% stake would do this, not a handbag full of private investors. I hardly see DD or any of the board being responsible for this, I would like them to focus on sales and ignore the shares. All Biotechs are getting hammered. PEB voted top bio company for 1014, with a good product now focused on selling.
It is always a risk to imbue your actions with the objective characteristics of what constitutes reasonable and proper...
Particularly when done in public, alongside unsubstantiated allegations of investigation where you claim to have a private economic interest in the outcome of the threat...
Just saying :)
From Whom?