MEO response, page-13

terryl you are likely to be proved right, what they get from the sale of MEO shares will not cover the costs of this exercise, that is the price they will have to pay for an ill conceived, badly managed, and ultimately failed takeover.

What they should have done in my opinion way back in December or prior to December even, when their share price was a lot higher, was to go for a substantial placing/offer, raised a goodly wedge of cash, then come knocking at our door.

With substantial cash backing and a none of this 20:1, 10:1, 5:1, nonsense, they might very well have held a controlling interest in MEO by now.

But hey they chose another strategy, and it's all but over Rover now for them.