Ann: Beach Takeover Director's Response , page-6

Really dont like the way management has responded to this. Responses should have been a lot quicker and given more detail and guidance, don't expect management to make my decisions for me but some guidance from those in the know would have been appreciated at such a crucial time.
First response was at 11.12 (nearly quarter of an hour after it had opened and around 100 million shares had already been sold), and said nothing except dont do anything.
Second response wasn't till around 2.30 and again said nothing except they weren't looking to sell theirs yet.
Finally with around half an hour left in the day and 120 million shares sold they finally give some idea of what their plan is.
Caught flat footed, a pretty big understatement I think. I know they probably wouldn't have been able to influence Walker, but some reassuring words could have made a lot of smaller shareholders think twice before selling out.