Yes it would seem around 16.6% is what they should now hold and this amount should easily gain them a seat at the table I'm a little surprised how many sold into this and it certainly confirms this should drop like a stone tomorrow The BOD better start packing their bags, no chance they will survive after the complete and utter lack of any action to try and benefit shareholders over the last few months this offer has been hanging over us. To not even try and solicit a better offer was utterly disgraceful, they quite literally did nothing at all other than whinge about the offer being low. It is a little concerning how much control Allensford may be able to get without actually buying the business, they should easily be able to sweep away the current BOD, although who will control the new BOD? Happy to hold as this would be a great business run by the right people and has the potential to produce large returns.
TRS Price at posting:
$2.70 Sentiment: Hold Disclosure: Held
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