I imagine a conversation like this is happening between the PE and US company:
Us Company - hey PE guru, what a lowball offer, well done that MBA you have is sooo much use at the moment that whole $5 offer and the sudden recision due to the 'financing' was textbook stuff. Now your cunning plan of putting management/board under extreme pressure, coming back with a low bid and generally taking advantage is just like sooo awesome. The falling aussie will help us no end.
PE - yeah gee thanks for that US company, I reckon we have them real scarred, I got taught that one at xyz business school by Dr twit, he heard about it from some guy who used it once. Anyway, I just want to get in there and sack a bunch of those useless buggers, that's the best bit you know!
Us Company - wow it might actually work, you must be so proud of ripping off those crazy aussies from down under.
PE - well, I am not sure what the outcome was you know cause I just got taught this stuff and umm well yeah shell be ok there mate.
Us Company - ok so where to from here.
PE -Well we just hope they don't raise capital, because there is nothing in the textbook or my MBA teacher didn't have anything for that scenario cause management actually know what the true value of the company is worth and well umm we might look a bit silly now considering the offer was so low. Better hope a whole lot of arbs get involved and create as much chaos as possible.
Ridiculous I know. I could go on but basically the board should raise capital immediately, like today. Use NTA at 1.83 as a benchmark and kick this offer to the curb. Australian manufacturing will be the new black soon.
This is just a funny joke quote ok, don't take it too seriously out there guys.
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