re: offmarket takeover bid ann Well that is hardly the news to justify any run up in price. So preferences get issued with a 10% coupon and bonus so we now we know exactly why they did the prior issue. Not for money to develop machines and market them but to tidy up a bad structure. This always had to be tidied up and the sooner the better but I don't think the listed QRS has the best of the deal in the short term, but they had no choice. You had better hope this is a done deal as any resistance resulting in a change in offer will further disadvantage current QRS holders. Long term outlook for these guys still has a chance but when you read no further income for 04 it is a eye opener. Wary but still holding a few. Holders of the oa options wilkl possibly be a little harder done by than normal holders as unless there is cashflow ar partnership grant thgese guys will be back to market to raise cash and dillute holders. All the ao fresh bids in the announcement period were pulled upon announcement as they were either positioning or expected better news. Lack of action suggests apart from recent traders there is not huge interest and traders may sell it off and come back Feb or March?? Big money was well informed and has a low average and picked up some of the issue stock cheaply I think.
Worst thing about this is the amount of managemant time that will have been put into this instead of getting sales??
Ted
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