I think it's more desperation than arrogance. It just shows how desperate they are to get their hands on the little bit of cash remaining in BHD and virtually no one is taking their 1:1 offer as their sub holder notices show. JBL is sinking faster than the titanic. BHD actually has a small amount of value, JBL not so much imo. I believe also, if JBL goes under, HML/BHD management agreements with JBL are void so don't give them the cash and let them sink
"as their sub holder notices show"
Actually it just struck me as I wrote this, why are JBL even submitting change in sub holder notices, they only have 4.3%, they're not a sub holder(unless I'm missing something?)
Ann: Takeover Update - JBL Announces Increased Consideration, page-6
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22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.434M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 440827 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 24000 | 1 |
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