elphinstone in partial takeover offer, page-8

must apologise to some extent

i just got the targets response yesterday p.m. (and it looks like by the date of the envelope i should have got it earlier) so most of you would have had it days ago!

some of my sentiments are echoed in that, yet i notice from a quick browse that they don't make my point that elph's offer in itself does not solve any liquidity issues - they do say how they may have a conflict of interest , and i think they say the offer will not help coote which sort of says what i was saying

The targets response does make me more confident that much what i said was right (including the inherent value of the company) , especially about the 17 c convertible notes