RAK Rakon

[Jaa]

At risk of being laughing at by you guys....

Is there not the possiblity of RAK now being in play along similar lines as FPA??

A Chinese electronics company buys a small stake in a struggling NZ exporter mostly for its technology and international reach only later to mount a full take over...

Granted the Chinese company first needs to actually buy the 5% stake on market as yet only signaled by RAK in their press release and obviously the Robinson family have to want to move on but neither of these things sound that far fetched?

[Vaygor1]

At risk of being laughing at by you guys....

Is there not the possiblity of RAK now being in play along similar lines as FPA??

A Chinese electronics company buys a small stake in a struggling NZ exporter mostly for its technology and international reach only later to mount a full take over...

Granted the Chinese company first needs to actually buy the 5% stake on market as yet only signaled by RAK in their press release and obviously the Robinson family have to want to move on but neither of these things sound that far fetched?

Whether you are right or not, RAK's board are not worth one ounce of trust. Just Avoid. You'll have more luck at the casino.

[Master98]

At risk of being laughing at by you guys....

Is there not the possiblity of RAK now being in play along similar lines as FPA??

A Chinese electronics company buys a small stake in a struggling NZ exporter mostly for its technology and international reach only later to mount a full take over...

Granted the Chinese company first needs to actually buy the 5% stake on market as yet only signaled by RAK in their press release and obviously the Robinson family have to want to move on but neither of these things sound that far fetched?

In No Way, RAK can compareable to FPA, chinese are more smarter than us.

[blobbles]

Well well well, finally the RAK management is going to pay.

PILLORY THEM TO THE WALL FMA!!!!

Not sure management will have anything to do with it, unless they were the ones trading. But that would have required notices to NZX most likely, so unless they really really want to break rules it probably wasn't them!

Most likely someone working for the company spilled the beans to a couple of people over some wines during the weekend! That guy/gal might find themselves being harassed...

But I am hoping it was one of the Robinsons, just like you moosie!

In all likelihood though the FMA will "investigate" the matter by calling up some people, someone will lie to them and said "I didn't say nuffin!" and they won't bother to investigate further saying they "thoroughly investigated all parties involved and could find no fault whatsoever".

[Under Surveillance]

Rakon say they did not authorise insider trading [but don't say that was no insider trading]:

4:28pm, 12 Jul 2013 | GENERAL

Rakon Limited (NZX: RAK) is aware of media speculation regarding trading in its shares prior to a trading halt on Friday 5 July 2013 at which time the company announced a strategic partnership with ZheJiang East Crystal Electronic Co. Ltd.
Rakon can confirm no company directors or staff, or their related parties, who are required to comply with the company’s Securities Trading Policy, have sought or been granted approval to buy or sell shares before the announcement.
Bryan Mogridge
Chairman

[stoploss]

Rakon say they did not authorise insider trading [but don't say that was no insider trading]:

4:28pm, 12 Jul 2013 | GENERAL

Rakon Limited (NZX: RAK) is aware of media speculation regarding trading in its shares prior to a trading halt on Friday 5 July 2013 at which time the company announced a strategic partnership with ZheJiang East Crystal Electronic Co. Ltd.
Rakon can confirm no company directors or staff, or their related parties, who are required to comply with the company’s Securities Trading Policy, have sought or been granted approval to buy or sell shares before the announcement.
Bryan Mogridge
Chairman

When was the last time someone at this company did put their own cash in .........

[Balance]

When was the last time someone at this company did put their own cash in .........

I think some in the market are saying that there was a quick trade here - buy at 20c before the news and flick out at 26 or 27 cents when the news break.

But the company has stated 'no one sought approval'.

[blobbles]

Their announcement is a bit useless.

It does not say that information was not leaked to a third party about what was about to happen. It simply says the staff didn't buy/sell shares.

Someones wife/husband/friend/brother might have, but hey, I guess that's a bit hard to deny.

[Vaygor1]

Their announcement is a bit useless.

It does not say that information was not leaked to a third party about what was about to happen. It simply says the staff didn't buy/sell shares.

Someones wife/husband/friend/brother might have, but hey, I guess that's a bit hard to deny.

Abso-f**kinglutly. How thick do they think we are?

[Vaygor1]

Abso-f**kinglutly. How thick do they think we are?

Obviously thick enough I guess.