Ann: Red Emperor Offer to Range Shareholders , page-2

In other words guys- they're forgetting about the private investors who have bought into Range (from the UK, and let's face it there's not enough holders left on the ASX to ensure a good take up by PI's here), and are instead just dishing out the shares to PL's mates. What a surprise. Oh, wait, this kinda thing has happened before hasn't it...

Terrible, terrible management with no regard for PI's. I know the amount of shares is insignificant anyway, but this sort of announcement really sums up why IMO the current management need replacing.