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07:12
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Originally posted by RooBendigo:
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The interesting part for me is that the scheme reverts to a TO offer if it fails. but if small holders don't like it will fail. still accept the TO offer ... all that disappears is the sweetheart arrangement for Mr. Exploration DNA. they might well have to sweeten a TO offer . Moreover, if more than 10% of us hold out, they can wait 3 months and then make a much better offer to get over the 90% line without having to compensate earlier acceptances for the increased amount. can't lose strategy for SPR holders is to vote no . The deal doesn't go away ... it just becomes a TO offer, and then RMS have to increase the offer until they get enough acceptances. As a bonus, a TO offer has no sweetheart component for the SPR board.
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yes, but as RMS increase their offer in a TO scenario.
(20min delay)