I tend to side with Glorieux on this debate.

He quite correctly points out that no matter what the wordage is from management about not selling out, when a juicy side offer is made to management by an unscrupulous company they usually bite and make a recommendation to sell. Once the recommendation is made the speculators and funds usually get on board and the retail investor is hung out to dry in the hot sun.
You have seen an example with the Freewest buy-out. I suspect an under the table deal with Spider management. Why else would they break the deal with KWG and pay a heafty lump sum to boot as penalty? !00+% premium over recent trading price in today's market is not much of an excuse.
These two incidents are too much of a coincidense - If you asked me.