There will be no 30 cents, page-6

Hi HKP,

I'm not sure that the first salvo fired in a TO will be friendly. The actions to date have not been friendly at all (employing Share price capping strategies).

I wouldn't be surprised if there is a low ball on market offer given in an effort to hoover up 20-25% of the shares from shareholder that have lost their stomach for the games played - a number have stated they would jump ship for 25-30 cents.

It won't be enough to buy the company so an offer will have to be made to the remaining shareholders in excess of that figure. If there is a new bidder, the company doing the first bid can decide to sell their purchase to a higher bidder and make a tidy profit anyway if they know they are not going to win. Nice way to make a tidy sum. The shareholder selling out early won't make maximum profit but they are usually short term holders that come late to the game and console themselves that they still make a tidy sum for not waiting too long.

I could be completely wrong. The capping could also be occurring in a friendly TO situation (not quite so friendly - but it's all about the $$$$). Friendly company is just trying to keep our expectations low before discussing with the board.

Time will tell. Maybe I don't have a clue. It just feels it will happen that way.