Yes (except for a 3 min phone call) - I asked the takeover...

Having been on the end of a SOA from nowhere - I learnt a lot.

We (retail + a couple of top 20 holders) blocked the first offer, but the 2nd went through. Absolute disaster for all - the SP still sits40% down with no hope in sight. I sold up before that full drop, but still took a loss.

My thoughts are pretty simple - money begets money. If Tenmile & Ryder are told that BARDA are going to commit to a 20,000,000+ unit FebriDx order every 3 months for 5 years, they have a binary choice.

Do nothing and watch the SP rise and their 40% holding gain in value, or strike suddenly with a 8 or 9c offer and buy out the other 60% for a pittance, retain the key staff on a 'golden handcuffs deal' and get the full company growth all to themselves.

They'd get their takeover money back in a year or two probably.

The reality is - there is no blocking vote.

Retail don't have the 25%, and that's the simple truth, so we are completely at their whim.

Tenmile don't have that sort of history - bit then nobody does until they do the first one.

Yes (except for a 3 min phone call) - I asked the takeover question, if you were trying to be cute.