Ann: Beach Takeover Director's Response , page-7

If you think our share of the potential multi-billion dollar assets at 218 and 855 is worth $93m then sell. BPT wouldnt be offering this if they didnt think (& possibly know) they could make alot more than $93m from our holding. Im atleast holding off to see if management can get a better deal for those of us not so eager to sell today. Why would BPT offer more than 20c when they acquired 126m shares for this price? It might be a little harder or cost them a little more to get the remaining holders onboard. So they pull the bid, it means the remainder of us will wait to see the real value of these asset. Just my thoughts