The bidders statement warns that – if we don't sell – we might get stuck with a lower share price, a lack of liquidity or simply get diluted away in a round of capital raises.
On the other hand, lots of tiny minority shareholders would be a nuisance factor in terms of management and administration (or an annoyance for a fresh bidder to buy out, as you point out) so they might just up the bid a little to clean us out.
Fair point on the BGH director selling too - he doesn't seem to want to hang around.
In the meantime I'll wait to see if any of the substantial minority shareholders sell at 3.8 cents...
BGH Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
