scheming a takeover, page-3

If there is no good news the downside is still significant.
When the scheme was announced the price was about 1.55 and with a takeover premium.

We have a massive overhang of takeover players and macquarie holding stock they don't want.

Now we potentially have someone who is more interested in revenge than financial wisdom. Why would anyonme seriously attempt to buy a company at $3.00 when very few people think that price is realistic with the exchange rate the way it is.

When there was no good news this morning, I cut my losses.