The missing point is if Visby was serious they would have put a bidding offer.... better offer.... prior to Tiger.... and then they could have showed their bidding offer to all shareholders now.
Visby didn't do that (again). Why is that? Maybe because they didn't have the funds? or is it because their initial offer was lowe. That's the mistery.
Why Visby opened that up only after the company entered into a new bidding agreement with Tiger? That's silly and amateur at best.
Have Visby done a proper offer, management would be obligated to disclose that to major shareholders.
What happened is that their offer was low and once train departed... then came back publicly
Then Tiger said...oh ok we can match that offer somehow.... so we get this approved
LCL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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