News: UNV Universal Coal Responds To Terracom Announcement, page-7

given the pace of acceptance, it will take very very long time for them to get 75%, needless to say 90%, if they even get there. I doubt it. And at this share price level, there is no point to accept the offer as it makes no difference. Best strategy is hold on to your shares and wait for this bid fail, then Mr Weber can get on with whatever he does the best and keep running this great business. I for one will TAKE NO ACTION.