i dont like conspiracy theories but, page-5

hardmano

good post...

one of my problems with this is that the real rational seems to be that Tullow will manage Hardman's portfolio better than Hardman can - BIG vote of confidence in the Hardman board and management.

Great - when this happens - usually there should be a share swap option - so current Hardman shareholders can vote with their feet for new management - no change in cash - just equity and management.

This deal does not provide that at all - its $2.02 - thats all - except that there are only 65 million Tullow shares available on a rougly 1:5 basis to Hardman shareholders - which means that half will miss out! Great guys. So in reality, we are not swapping to better management, we are just gettijng cash - i.e. passing our assets to better businessman - and with no future upside to Hardman shareholders. us mug shareholders therefore get no upside benefit from better management from Tullow! This is the real problem - sure - hardman hint that the "merger" will be a better company - byt geuss what - if you are a Hardman shareholder - you get fu**ck all benefit from that upside.

Thats why this deal stinks - low price - and no upside.

This deal is a disgrace - the board is a disgrace - the MD - Potter is a disgrace and most importantly, the Chairman Robert Carroll is a disgrace.

If they believe that $2.02 is a fair full price for a sale - then they MUST ALL RESIGN if the market disagrees. These people are unbelievable - they must think that we are all stupid.