Ann: Becoming a substantial holder, page-245

He may walk away, but I am not sure you are correct in saying he can’t compete

I think he sees himself as every bit as important and competitive as the others.

He can improve his all scrip offer at the stroke of a pen.

I think after talks with Ms Reinhard and Mr Forest that he will realise he needs to up his offer to enjoy their support

I think he is still getting great value at say 1:400 so why not go for it?