rim capital not happy, page-51

newspaper article on weekend said all they needed to do was not sign the offtake agreement and it fell through

we are now seeing the buying support that should have been there after the CRM placement announcement....UBS where were you?

check out this article and contrast it with the UMC board's rolling over

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Energy Developments says bid inadequate
October 19, 2009 - 10:14AM

AAP

Energy Developments Ltd has received a $415 million takeover offer from private equity firm Pacific Equity Partners.

Energy Developments said the offer represented an inadequate consideration for the long-term value of the company, but it would not stand in the way of Pacific Equity Partners making an off market bid.

The local private equity firm offered $2.65 for each Energy Developments share after a due diligence process allowed by Energy Developments following talks last August.

Shares in Energy Developments, a provider of renewable energy, last traded at $2.41.

Energy Developments said on Monday it considered its share price performance in recent months an inappropriate reflection of the underlying value of its assets.