They are obviously getting desperate.
They have only secured 10% since the offer.
Their bid and management are an insult.
Unfortunately, either way the directors have done much damage to the market view of managements ability to see this through - surrender monkeys are not well respected especially when they have been saying they are grossly undervalued.
This was an appalling inside job.
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arana therapeutics limited
Ann: Supplementary Bidder's Statement , page-3
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