Those statements are reasonable based on information available at that point. The shares were overvalued at 70c given the profits reported, so it is all about the prognosis of future profits different bidders think they can generate which is all speculative. You may as well complain that when the share price was 40c the company didn't flag that it would cross $1 in a couple of years.
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Ann: Revised scheme of arrangement with SS&C, page-5
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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