46c takeover offer. there is the free lunch., page-6

I also said......

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"Who missed the announcement last night?

Looks like TTY was approached for a "Control transaction", aka takeover, and Noble has come back with a 45c debt conversion and 45c placement.

Yet, the shareprice is still 29c... (up 5c). Got to be money for Jam....

What happens if the other party comes back with a better offer? Even more upside than the 45c me thinks.... "

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Saying I got lucky, talk about sour grapes. Well, just for the record, I put my money where my mouth was and bought 800K at 27.5c avg. I exited yesterday at 46c. I don't need to prove anything, my bank balance does that.

And the current 1.5c discount? Maybe you missed the fact the market was down 2% yesterday, or didn't you notice?

There was a "free lunch" in this but you didn't do enough research to see it. The words "control transaction" were the key, AS I POSTED. Fact is, I called it, and got it right, even down to the date (re: call of before the 26th May). You called it, and got it wrong. I don't expect you to admit that, that would be too much to ask.

Nothing is 100% in life, but this was pretty close. Happy to call the low risk entry, happy to reap the rewards.