A few days back I put up a post "thinking out the box".
I thought that one use of the cap raising was that ADI might be making an offer for EKA..........
Maybe that was going to happen and AWE jumped the gun and did a pre-emptive move on ADI before it could get its own offer on the table......
So if ADI wants to 'save' itself it can make a cash and scrip bid for EKA.....
That would increase the number of shares outstanding, use up some of the cash, change the 'business' situation under the terms of the T/O offer and negate the offer - it would also get more of the JV at a cheap price too.
(And make me more money as I hold lots of EKA - even more than I did before the ADI T/O offer.......)
how adi can "save' itself.....
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