my valuation, page-19

Fordtin.

I am pretty sure in how the t/o situation & rules
apply.
From memory if a company makes a T/O and it does not
succeed in the time allowed, they then can ask for a
extention, once this extention has been used twice
without success, the Co attempting the T/O can not
aquire any more shares for a twelve month period.

They then can resume the T/O, but I am sure it is
usually at a higher bid, if not successful, then they
can use the extention process again twice if need be.
those extentions are 3 month periods.
Once the 90% threshold is reached they can compulsory
aquire the rest of the shares.

I remember Cleveland Cliffs pursuit of Portman Mining
they finally succeeded after about four years.


The final offer was abouy $13 more p/s in the end