Ann: NME - Change in substantial holding for NME, page-42

The problem with your comment and many others on this thread is that you are seeing writing on the wall that is not there.
A hostile TO against a company that has 25% of its shares in untouchable hands and probably a lot more in friendly instos.
No insto will want to be left in the position of having given up their shares only to find the TO has failed.
So far MCT has not demonstrated it can secure enough shares to get to the renquired 50.1% threshold.
Getting to the compulsory acquisition threshold is impossible.
Perhaps some instos are questioning the wisdom of the MCT Board to have launched this bold but very risky TO?
So NME may be questionable on its financials but MCT may be considered reckless.
What a mess this TO is and entirely predictable that NME board members, being the take no prisoners individuals they are known to be would react as they have?
My opinion is not biased and it is that the MCT Board have taken a huge risk that probably will not pay off.
Then what??