reject the offer!!, page-153

Clearly that scrip rollover facility was put in place to get those two shareholders to support the TO.

It's very likely that their 16% is the only scrip that will get rolled over. We will get no help from them to push up the 60c price as it means nothing to them at what price it sells.

imo it looks certain that the bid will go ahead at 60c. PCW will not find any problems as a lot of people have gone through the process. This is done by the lenders to cover their backside. They will not get 90% shareholder acceptance and will lift their offer to near what they are really planning to pay. In the meantime, we must not discount the real probability that another bidder will emerge.

There will be those who wait, those who get off, and those lucky ones that will get on now. It's a good business, the world is not coming to an end, it will do well in the future. Look at VFC many stories being written on how it's shares continue to make record highs. Their price chart is the opposite to BBG