Rudderless ship, page-4

Hi PP,
Their attempts were pathetic. That's why I said it was appropriate for many small shareholders to reject their offer (justifiable). But my point is that I believe TIO's original intention was to get 100% control of FMS. When they were sitting in their boardroom formulating the TO the share price was as low as 0.006c. After their first offer failed miserably the raised the offer to 2.5c. I believe they thought this would be successful. But they misjudged the fervour and support minority shareholders would hold who knew the intrinsic value of FMS. From their point of view it must have been frustrating to not get 100% control.