Ann: Supplementary Bidder's Statement, page-3

"Kin Group and Bennamon consider it likely the current share price on the ASX will fall once the Offer closes"
THAT'S GOOD I WILL BUY MORE.
IS THIS STATEMENT ADMITTING DEFEAT?

"Pact’s IBC and the Independent Expert consider it unlikely that Pact shares will trade at or near the Offer Price absent
the Offer1"
GOT THIS STATEMENT INCORRECT, SHOULD READ BENNAMONS IBC! ALSO THE INDEPENDENT EXPERTS (KROLLS) VALUATION OF THE COMPANY IS 0.83 TO $1.24 SO THE OFFER IS 1 CENT MORE THAN THE BOTTOM OF THE VALUATION. THANKS IBC!

"Pact’s share liquidity has decreased as Pact’s IBC has made clear. Average daily trading volume has fallen by 90%
compared to the month prior to the Offer".
WE DON'T CARE! THE REMAINING SHAREHOLDERS ARE WELL AWARE OF WHAT IS GOING ON AND WHAT THE POSSIBLE SCENARIOS COULD BE. WHAT WE DO KNOW IS THAT RG WANTS THE WHOLE COMPANY AND TO ACHIEVE THAT OUTCOME HE NEEDS TO PAY A FAIR PRICE TO THE SHAREHOLDERS THAT ARE LEFT ON THE REGISTER SO PRICE UP OR DOWN MAKES NO DIFFERENCE.