I am not at all surprised that Caigen has thrown in the towel. I imagine that Zhaojin asked him at what price he was willing to accept and which other pre-IPO shareholders might want to exit at the same time. He will need to raise serious funds if his new ventures are to get anywhere near production. After all 9c to 68c is not a bad return.
Ann: Notice that defeating conditions to takeover bid freed, page-23
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