What you are discounting is the possibility is that if XTA does indeed get 25%, then they would make the offer unconditional anyway and mop up as many shares as possible at $3.
I think the only way for Sin Tang to wrap this up is to launch a full take over. That's the simplest and has an acceptable level of certainty.
The 3rd outcome is that XTA allows the offer to lapse while Sin Tang and the major share holers (+ the board) get absolutely nowhere and they come back with a NEW $3.50 bid to wrap it up once and for all.
It is widely known the intos have told Sidero, at $3.50 and it's all yours.
I am DEFINITELY not signing the XTA forms !
They can have them for $3.50 which is a big discount of what the brokers value SPH.
SPH Price at posting:
$2.94 Sentiment: Hold Disclosure: Held
