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Yes I'm torn too. Obviously Plusconnect has a lot of value...

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3,634 Posts.

13/11/16

10:06

Post #: 20577068
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Originally posted by chambo ↑

Thanks for your reply Sal but I think you've drawn a long bow there.
Any changes under those conditions would likely be deemed 'not in good faith' and result in non acceptance of the bid. (Although you are technically correct we do have outs).
I don't however believe the agreement has lapsed until the 28th nov.
I expect push connect know what they have and we've low balled them a bit knowing full well the upside in our sp.
I'm a bit torn here, not wanting to miss the boat on the push connect agreement versus waiting another year or so and offering a lot less shares in another takeover bid.
The risk there is that they grow faster than us and we have to offer more.
I think a bird in the hand is the best strategy here.

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Yes I'm torn too. Obviously Plusconnect has a lot of value locked up with the offerings and lottery license they hold but also I wouldn't mind us paying as little as possible.

ACU Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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