And further more this is similar to related parties transaction; here purchaser is ALUMEX PLC is a subsidiary of the parent company, Hayleys.
And some of the directors are also common or represent for both companies (Refer their announcement) and the transaction price also determined on their own interest / intension, this price cannot be considered as the market value or price and this is not reflecting the HEXP’s business performances.
This is merely for outsider view; some companies are doing this type of transaction before their borrowing or right issue purposes
If one brother sells his land to his own sister for 1000 Sri Lankan rupees or 500 million Sri lankan rupees there may be so many implied intension in their transaction, in this first case if they wants to avoid the taxation they will use the Rs.1000/- option or if they have any borrowing intension they will go for second potion 500 millions, in both cases these are not the market price only for outsiders view with purpose.
Here Teller after placing more than 1800 advertisement for Illiquid HEXP and sucked new comers blood money, once again trying another ride on others back for the sake of his boss Bartleet,
Bartleet, after dumping huge quantities of HEXP on retailers head on HEXP’s first run, stopped their activities after heavy pressure from outside, now Teller wants to reopen the second run on behalf of Bartleet to dump HEXP on others head at high price.
My article might have provoked some people those who already fallen on Tellers trap, have to escape from HEXP and compel to support the Tellers HEXP theory