tusker recommends takeover offer from barrick , page-38

Now lets look at what the share price would be if tuskar stayed in IDG::

Barrick are paying for TKA 117,500,000 shares X $0.80 = $94mil for TKA with $15.2mil in bank fully diluted assuming TKA have not spent $1, to round it off will say barrick are paying $80mil for the asset alone.

If Tuskar stayed in IDG & options close enough to the money were exercised to price in the takeover deal, IDG would have had $39,319,179 in bank cash backing of roughly $0.28 + $80mil barrick to pay for tuskar = $0.85 to take over IDG shareholders would have a cash offer & be able to exit immediately rather then IDG now is a cash box which trades under fair valued, now remember since the new directors of IDG came on board they have diluted the company with over 50mil shares & options which were not needed as IDG already had $10mil+ cash in bank, so assume the directos did not dilute the company by almost 100% since entering IDG, share holders of IDG would have had a take over offer well over $1

So ozgem before you claim people dont kow what they are on about, do your research & see who the real winners of this deal is, as its not IDG shareholders it is IDG directors...