Touching on playing hardball, we all know exactly what ODN is worth if the deal is off and so does Gridcomm - what has Alex got on his side to negotiate with? - other than the knowledge that shareholders will reject any deal that is seen as unfair.
So I have a few questions which I am honestly interested to hear your responses:
1. If the dilution was such that each of your ODN shares were only going to translate as 2c value post merger, would you accept that? Remembering that if it falls through shares are going to be around 0.1c again.
2. What if 1c was offered?
3. What is the maximum you think Gridcomm will pay for a back door listing? At current market cap the price is about $9million plus legal expenses. So for a 3x return on today's price we are talking closer to $30 million...
4. Do you think the current share price could be slowing down the negotiations?