Why can i ask would the directors wish to prevent a hostile raider take control of SBL?
Its just cutting your nose off to spite your face....if i was to sell my beautiful house worth say 500k(eg)and i am offered 200k i would be either negotiating like crazy to get closer to the mark of fair value or leaving the door open for other bidders....or am i so desperate that i need 200k?
Unfortunately not everybody reads HC, so there will be sellers tomorrow outside of our circle who dont want an exchange off shares....so hopefully this muck can get sorted very soon.
It seams to be of late eg.ESG where a bid at a premium is seen as fantastic news for us struggling shareholders and these white knights are doing us a real favour and as if the directors are just chucking in their towels in these trying conditions perhaps, but they are paid good money to support their supporters....us.
SBL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
