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clock Created with Sketch. 25/04/17
08:39
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Originally posted by Maddy707
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What makes people think that the board won't back an offer below $5? The board is under significant pressure to preform and so far have been incompetent in executing their strategy and I don't have much faith that they can. They certainly don't want to be held accountable at the next annual general meeting where they might get pushed or become liable to a class action if they knock back an offer of say $4:20 only for the share price to remain at below $3:50 for the next 12 months.
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In your view, what has the board done wrong ?
