News just released by UCL. Kahlbetzer's interests resoundingly...

News just released by UCL. Kahlbetzer's interests resoundingly reject the MAK takeover bid. Looks like he is not interested in Wonarah, purely Sandpiper.

That's nearly 32% of holdings so MAK have to be rated 0 chance of succeeding. They should drop it immediately and save both sides money or do what they should have done in the first place and get into discussions with JK.

When you read it note that he has rejected the idea of dilution in Sandpiper. I extrapolate from that that they will be fully supporting capital raising so 32% of ours future needs covered. That will likely force MAK to do so too as they won't want their share to fall below 10% and lose their blocking position on potential compulsory acquisition if any party should try to get 90%.