MAH 1.56% 31.5¢ macmahon holdings limited

are you going to apply additional shares?, page-12

  1. 3,649 Posts.
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    1... re entitlement. My humble understanding is that if I pay 16 cents someone will give me the right to sell it for lets say 26 cents. I'll need to sleep on that one.

    2... I expect some of the dumping this afternoon was about holders offloading existing shares which will inevitably be replaced by those subscibed for.

    3... I would describe MAH's response to the Indians as a little bit soft cockish ... they are really only asking for the right to do due diligence. And if LEI are in fact paying fair value, then what's to lose. I suspect LEI have said no somehow having a god given right to do so ... hmmmm ... aside from possible conmpetitive advantages in terms of IP re rates, methods, what does LEI have to lose?

    I think its time LEI made some comment. So far the indians are suggesting twice the price offered by LEI and by my reading, significantly less residual risk to MAH

    The circus is alive and well but the ringmaster LEI is elusive...

    26 cents buys you a seat. Roll up roll up...
 
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