If there is to be a takeover and shareholders are bought out, I...

If there is to be a takeover and shareholders are bought out, I would settle for 15c, given that is it over 3c per share above my cost base.

As you said it is a waiting game now and hopefully those that suggested prices in the 30s, 40s and 50s are proven to be correct when all is said and done and you can afford that luxury car of yours after all, and I can afford to invest in other opportunities on the Stock Market when the time comes.

In the meantime, and in the absence of any concrete takeover offers, covenant breaches loom large.