Hi ALL.
In fact based on current shares of the MMS and SGF, the merger is more attractive for ECX to take up the previous offer from SGF.
MMS Offer is now worth $2.15 whilst SGF offer for ECX is now worth $2.37 based on their respective current shares. Still much better than current share price for ECX of $1.82. Since MMS has delayed the merger offer, ECX should now approach SGF to ask for their offer to be reinstated.
Can we all send emails to the directors to ask them to contact SGF to revive the offer?
What do others think?
Isdhope
Ann: CEO/MD's AGM Address to Shareholders, page-10
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