Glutten,Where do you get 19.4c from?If Z buys 101.8M shares @...

Glutten,

Where do you get 19.4c from?

If Z buys 101.8M shares @ 16c & 380M shares @ 18c,that's an average of 17.5c, isn't it?

Options to buy shares at 23c, over 3 years, is just that, an option. It's not a ST committment. Let's 'imagine' the SP in 3 years is 30c, is the 7c windfall in your calculation also? "Assuming Z proceed with the 2 tranches and the options (which they would need to do to gain control) they will pay an average price of 19.4c which is a 50% premium to the current SP." BIG ASSUMPTIONS!!

If the Chinese Govt veto's the deal, aka Sundance, what then? Krusty & Bozo will be passing the hat around again, begging, pleading, please, please, you can have it at 8c... We don't care who owns it, as long as our contracts can be paid out! Whilst issuing themselves more options at 4c.

"All of us could purchase on market well below this price to reduce/avoid dilution - if that was really our concern."
Big assumption #4, that when a deal is done the SP will fall further, below 12c, per RSG's offer. Alternatively the SP will definitely tank if we are diluted 40-50% per Z's offer. Isn't huge dilution normally a concern for shareholders? Big assumption #5.

Why would RSG tip in good money, then sit back & watch Krusty & Bozo burn it?

Hopefully Glutten you will remain in the minority.