Close to the mark Graywolf. When the offer period starts, we can...

Close to the mark Graywolf. When the offer period starts, we can sell our shares, if we wish, to redstone at 4.2c. This offer price cannot be reduced and must stay at 4.2c for the whole period as the starting price. There is a period for how long the offer can stay open, but a request to extend it can be made. If Redstone was to reach the 90% threshhold required, they can then take your shares at the offer of 4.2c. But if the end of the offer period is getting close, you could see Redstone offering more than the original offer price to try to get those last remaining shares and only those who still held would get the new offer price (comes down to how bad they want full control).

An interesting thought though, say Redstone only got to 89% and couldn't acquire the remainder, why would they be dumped since they would effectively have majority control over who as on the board and the direction the company would be going in, since any resolutions would be passed with their vote.


The above is just my take on a quick read of the Takeover rules and and thoughts on the control side.