bidders statement out, page-5

Chas, I think you'll find it's far less than 50% of last trading price. More like 10%.

Problem is the main shareholders (especially Matthieson) can drive this through without the small guys agreement so like it or not the 'takeover' will go through.

We are then non-liquid with this investment if and until Matthieson can develop a business model in the US that is sound enough for him to float on Nasdaq or make a trade sale.

The whole thing form go to whoa has been nothing short of catstrophic for people that took a punt on AZDF etc