Submitted by Atrue Freeman
Mr. Randy Graham, does the Financial Services Commission have the authority to examine a transaction that prompts a takeover bid, given the influence of that transaction on the takeover process?
For example, does the Commission conduct sufficient investigation to confirm that no private side deals are made and that the published price for such a transaction is in fact the full price agreed? And, if it has such authority, has the Commission examined the transaction that allowed for the takeover bid for Banks Holdings? I believe that your response through the press will allay some of the concerns that small Banks Holdings shareholders may have.