Fully agree Bruiser. That fall in late Apr 26th from 2.125c to...

Fully agree Bruiser. That fall in late Apr 26th from 2.125c to 1.8c on 70Bn share T/O saiid it all. Then we get the faux-pas of the updated presentation stating APRIL in stead of MAY see graphics below:

And this from the prospectus:

Says to me its been planned for a month or more. The directors should have called for a suspension of trade whilst this was in the planning stage and resumed trading when the details of the offer were made public. CR usually involve a cessation of trade until the market is fully informed.
It's been an exercise in poor public relations, and one where they may find it hard to recover from unless they can come out with some extremely exciting news over the next week or two. Otherwise, I cannot see SHs being too eager to give their 'hard-earned' monies to keep the top guys in their sumptuous lifestyles.