Dropping share price and very strange silence for a straight forward Scheme!
Are senior Directors aligned with Ordinary Shareholders? The CEO is (mainly?) getting shares in the Privatised Vehicle - in contrast to ordinary shareholders who are getting cash.
What incentive does he have to fight for the best Cash Offer?
I've experienced situations where there was a potential misalignment between Directors and Shareholders - as there was some years ago between PaperlinX and PXUPA holders - and a group of us formed an Action Group.
I propose we set up PIGS (Pioneer Investor Group Supporters) and fight for our rights.
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(20min delay)