to sell or not to sell , page-16

bumskins said:

"Ironically, it seems that the people most concerned about the deal falling through are those people who don't hold WPG."

I don't see it as an irony at all, bs. $5.32m WPG shares were bought and sold on Friday, which is massive. If tis deal does not go through, the SP will fall to 88c- the price at which the deal was announced. As a non-holder, I am eiter going to be buying into something with a massive down side, or buying into something with a very decent upside (free shares, basically, taking into account the $$ numbers).

There is a fact here- that the deal will not go through, if the Ords reach 3650 (the paperwork does not say a close at 3650- just a reaching of 2650) unless that 3650 is waived.

I don't know about barry, but my aim is to watch the Ords. What we have here is a premium (most of which has already been used up), and I've been involved in enough takeovers that didn't go forward, to be very cautious.

It is a good sign that staff at IOH have been redeployed to take on this new work. As others have said, though, if the Ords get to 3650, the deal may not look so good for IOH. Those staff can be redeployed back, imo. If IOH waive the condition, it's on; if not, there is risk. Tumultuous time on the Ords. $5.23m worth of sellers, who have been holders, feel the risk. I feel it too.