Ann: Scheme Meeting and Scheme Booklet, page-3

Well that's the booklet out with a mealy-mouthed valuation of BDO. Worth about as much and coming from the same place as the WSA valuation in the IGO T/O and politicians' comments re- their budgets.

I mean a little earlier management and the researchers had a completely different NPV and valuation. What changed at the time of the offer is management's desire to sell.

The worst part is I had the same thing when OZL took over Cassini.

Like Mach would be keen to take over the Co. if it was actually worth 1c/share more than what we are offered.
They must have 20/20 foresight and business judgment far in excess of any mortals.

They did when their ultimate boss was Soeharto's right-hand man.

All IMVHO.