in the absence of a superior proposal, page-33

bawkaw,

You may have noticed that this take over has been going on for 18 months now.

In that time We've had senior executives of the acquirer leaking and taking in Sundance stock to the detriment of shareholders. The board told shareholders they got a fair price at 57c and to hold on that the deal was getting down and all would be ok.

12 months down the track, after reaffirming the bid at 57c back in May by signing the SECOND SIA, the board then tells shareholders to accept a bid that is 12c lower than after they advised shareholders was fair (also prior to the SDL resource growing by almost 100% ) that there would no renegotiating of the bid price regardless of whether the market rises significantly or falls.

And you wonder why more than a few shareholders might have a gripe or two?

I wish I did business with people such as yourself everyday. Just drop in low ball bids for your assets and make out like a bandit as you panic to sell.