reply for 72unsuited

Hi 72unsuited

You said:

"so considering the independant expert values the options at .16 to .20 shouldn't we all be selling. Or am I missing somthing?"

Firstly: The "expert" didnt VALUE the oppies at that, they said BASED on the closing prices of INR & GUJ/O that it was FAIR!! That is a big difference!

Secondly: So he was saying based on a 16-20 trading range prior to the offer, that they felt the offer (about 23 cents then) for the oppies was fair.

The reality is that the VALUE of GUJ/O now will be solely based on INR from here on in. So it looks like the "market is trying to value INR between 70 - 80 cents. Post merger i expect the SP to head over $1.00 (IE: Check out what the market is doing to NEC, another coalie)

Using 70 cents as a new "base" for INR we get a comparitive share price of:

GUJ = 52.5 cents
GUJO = 32.5 cents

That is what the market is missing

As I have said before: "Easy money"!!!

cheers