interesting asic response, page-8

Agree. The company needs to be valued again and properly this time.

The Shareholders Association noted to me that there had been a lot of media coverage regarding this takeover but they were unable to assist in advising me as to whether the offer price could be successfully challenged under compulsory acquisition. They suggested a corporate lawyer specialising in minority issues and takeover defences could be an option.

I for one would be prepared to consider this option though it would likely require many of us contributing reasonable amounts to fund.

It seems that some of the emails and calls may have gained some traction and they may result in good outcomes. But there is only one way to take control into our own hands, and that would be to seek legal advice. I think it should be given some consideration over the next little while simply because we are talking about an injustice which stands to cost all of us significantly.

Obviously the cost of legal representation and the likelihood of a positive outcome would need to be assessed before anyone would commit significant money towards this.