Ann: Corporate and Business Update, page-86

read previous posts. That was the risk i was willing to take. I thought it was junk and thought risk reward at 30c vs 60c offer was worth taking a position. Given data room was open, previous bids and a major shareholder as a potential bidder i though there was a probability that an offer may come. I could see the rationale for private equity to buy it merge it with another company to potential bolster top line revenue and relist it. That didnt play out and so be it i took my loss. However from the outset i had a negative view on the business and management and in the absence of a bid see much the same, BS from management, cash burn and further dilution