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[sharechat] Dodgy Practice-Southern Petroleum

From:	Marilyn Munroe <who.c@res.co.nz>
Date:	Wed, 16 Aug 2000 09:40:46 +1200

Geoff Ewerts post about insider trading by Petrocorp involving its listed subsidiary Southern Petroleum rang some old bells.

I remember before Petrocorp made a takeover bid to the minority shareholders in Southern Petroleum, Southern's directors indulged in a lot of shroud waving about Southerns wells filling up with water.

I also seem to recall a subsequent statement by Petrocorp that the takeover had been favourable to them

Are my recollections correct, and if so were Southern,s directors acting in the best interests of all shareholders.

Boop-boop-de-do Marilyn ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors http://www.netbroker.co.nz/ Trade on Credit, Low Brokerage. Join now. ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/forum.shtml.

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