Ann: Trading Halt, page-48

Wrong.

There is a difference between taking a placement in a company and trying to take a company over. A takeover needs to price the company at a level capable of gaining control, ie it needs to have a built-in control premium. Something RMS didn’t do their due diligence on when pitching their initial offer.

You are either quite inexperienced or you are deliberately trying to build up expections so you can try and dash them later with the deceptive argument you are currently laying the ground work for. I favour the latter to be true.

A placement at the current price or even a slight premium or slight discount is still a win for EXU as it forces RMS to re-evaluate their offer and it gives the company working capital to continue its activities.

And for someone who supposedly prides themselves on providing accurate information, based on RMS’s closing price on Friday of 43.5 cents the bid is “worth” 10.875 cents not 12 cents as you wrongly claim. Also going by the Friday intra-day trading low of 42.5 cents and high of 44 cents the bid is currently fluctuating between 10.625 cents and 11 cents.

I’d say a placement anywhere between 10.5 cents and 11.5 cents will be a win for shareholders as the company will have managed to raise at a price leveraged off the RMS bid. Esh