I am not sure to whom I should address this so 1cent, it's you, because you raise some very salient points and don't just rail.
A long time ago a 'Kenny Rogers, al la The gambler', offered me a pearl, approximately -a) if you feel you have been dudded by the dudes in charge, write down their names, all of them, Directors, CEO, Consultants and keep the list safe.
Then, a bit more, approximately, b) if you are the average shareholder with under 1% of the shares on issue, then you have diddly squat influence on what they do. But keep that list of names and Never buy in to any company Any of the names are involved with.
I have done that, and I have dodged some bullets up the butt.
It may not help here, today, but it will, hopefully, save some grief for some on this post, in the future. In the meantime, if the offer is a crap deal, expect one of the cashed up 'goldies' to have a counter crack. If no one does, then the offer is tight.
IMO, I think it is a bit crap.
regs
lemons
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