It annoys me that the huge book sent to us still considers that the share price history is somehow related to the value of the company. After discussions with Richard (our so-called "Independent Director") we agreed that this should not be considered and yet there it is in black and white using it the justify an offer that doesn't even meet the mid-point of a valuation biased in Z's favor.
As Z will likely grab shares from holders willing to give them away at 10 cents today's price of 8.8 cents looks like an easy way to make 12% on your money. That's 48% p.a. Not bad!!
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