Solid Vote of Confidence, page-45

""((They may walk away, they may behave like good joint venture partners should, they may come out with a sweetened offer or go for an on market takeover if they want CTP badly enough,))""

Correct Haasko. They may come out with an all out takeover because they know full well that, based on the last offer at that ridiculously low price, it would be knocked on the head once again.

And rest assured that our dearly beloved BOD will once again come out with their trumpets and fog horns blowing in full sound telling us how good the offer is and recommending it. After all it is well written that the Chairman has stated that he would do it all over again if the chance was presented to him. I wonder what his mad rush about getting rid of CTP is all about. After all he is still getting well paid for his troubles........... is he not.??....Perhaps he should come out and tell us all in simple words.

The full all out takeover would be the only way of doing it now IMHO. But, to do that, they will have to first start buying shares on market, thus pushing the share prices up, (Unless of course they will get some brokers to do a little manipulation here and a little manipulation there to keep the share price as low as possible). You should know very well how all of that works.

The problem then, unless they will reach the 90% minimum requirements to force a compulsory acquisition, they will have to put up with the remaining shareholders and remain accountable to them for ever and again, besides having to run two separate entities to go along with the rules set out by ASIC. I am sure Haasko that you know that part very well too.

The only other way then would be for MB, (if they can't get the 90% required to enforce compulsory acquisition), would be for them to do an off market offer to the remaining shareholders, but it will have to wait for a while before doing it because, if they didn't, chances are that they might run the risk of having to pay the difference to all other previous shareholders that sold to them prior to that taking place.

Am I right in saying so.

And yes you are right on a couple of things. The likes of JV agreement where they can increase their stakes in the JV if we can't meet our share of the costs, or even act hard and making real hard for us to continue.

IMHO, I cannot see that happening though. Dyor!!