Thinking about it If GW made two overtures to BNC, on what grounds were they entitled to do so? A 5% company share ownership would be acceptable I guess, but that would mean that they would have had to possess such ownership before the fonds dumping.
If GW achieved their 5% as a results of the fonds funds, then what criteria was undertaken to gain access to the privileged information? The only logic that makes sense is that they must of already had their 5% ownership before the fonds dumping. Anything other than that presents a problem to me and likely the authorities.
I don't know who has been buying and selling their shares at those ridiculous prices over the past year, but someone did. Regardless of who played those shares down, I blame the BNC management for their own situation that they created for themselves today. They had choices and choose to disregard the importance of respecting their shareholders "rights to know". IMHO their communication was sub-standard for quite some time. "Things happening behind the scenes" and nothing to report for months on end. Whatever they were doing behind the scene could not have had any material worth whatsoever, or they would have had something to report. This ongoing lackluster communication approach is what frustrated me, and I'm sure many other faithful shareholders.
At this point we have no choice but to pressure management, but not to the point where they sell the farm. (no pun). We can only hope that the G/W group is indeed our white knight and handle things correctly on our behalf.
TC9