I won't be selling out unless they force me to sell out. The low...

I won't be selling out unless they force me to sell out. The low ball figure they are offering is insane, it's disappointing that a company can be taken private for a fraction of its real worth. If I was an IPO holder I would be furious, while I won't lose money at 40c I certainly won't be happy either. I understand that a premium was offered based on the trading price on day of offer and days preceding I think it is shocking how this offer is allowed to proceed given the direct holdings of those wishing to take it private.


No one can say that the individuals involved didn't know this was coming for months prior and subsequently would ensure that no market update reflected anything more than what they legally had to disclose. This is a classic case of insider knowledge trumps everything else the take over should have been conducted as on market given the direct influence, holdings and prior knowledge all parties would have had

The take over also explains why the directors had not been purchasing in the last 6 months and why no dividend was declared