new takeover offer, page-7

A lot can happen.

Transatlantic have links to IPM and will be the company the directors were relying upon.

Bid is also opportunistic, but suspect the IPM directors and mgmt can work with these people, as they already do.

Ideal situation would be:
Transatlantic - gets 40% after waiving condition
Directors and supporters 13%
Cooper Energy - who cares
Balance - remains listed and trades on ASX

Thus protected from takeover by inferior company, mgmt remains in place and still focussed to achieve.