BOD Motive?, page-7

Well put LeMetier. After much thought, I had come to the same conclusion. If the BOD had negotiated a higher price for the sale portion of the scheme, it would risk the TO being voted up. A slight rise, but still a fair way off what LTHs would consider fair value considering where they we are at.

Let the 'yes voters' sell on market at 11-11.5c now. Those that are buying at that price are expecting things to go up and will definitely be 'no voters', so cleaning house in these couple of months will benefit us.

I too thought that we were getting royally screwed when i first read the announcement, but have since used my rational brain to see that it's a good deal and a very strategic move by the BOD.