tfish, Not quite sure what you mean by "tease" It is clear that the market is not expecting SELM to succeed(even if a formal offer is made) It is also clear that Jindal is interested in aquiring RCI,but it is not getting it for 0.30/s...Not while Wu Pun Yan controlling 51.7%. What I am saying is that market reality might force Jindal to make an "acceptable" offer,probably a little discounted from SELM "non formal" offer. Jindal's intentions are clear with its blocking stake of 27% ...It will eventually acquire RCI,but it has to make an offer Wu Pun Yan "can't refuse". I don't think Jindal's aim is only to be a party pooper.
RCI Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
