Ann: Becoming a substantial holder, page-228

current BOD represent debt holders, and there is going to be no positive announcements with the current BOD

twiggy paid 4 cents a share plus swaps, no way there will be a take over for less than that and the share price will rise back up to over 4 cents accordingly until a new announcement is made.

if bidding contenders walk away a new BOD would be installed to represent the company and shareholders!
share price reaction would depend on if twiggy sells up. if he does then yep 1.5 cents but im not concerned.

there are plenty of options for a new BOD to recover AGO. selling stakes in ridleys would generate enough cash to clear debt and reduce cost as one example.

IMO, FMG or Gina gonna make a serious cash offer over 5 cents in the coming weeks, but with all the theories goin round anything is possible!

giddy up!