But if you currently hold, or will soon buy options (in next 2-3 weeks), then if/when the new independent expert employed by BWN (as per Takeover Panel's orders) values BWN shares at more than 20c, there is value to be had in the options.
You see, the expert first employed by BWN was deficient
He's methods were flawed and did not follow guidelines
He broke the rules, broke the law, and brought his profession into disrepute
As a result, his report was deficient and substandard (I'm being nice here, I won't tell you what i really think of it! - starts with S and ends in hithouse)
He came up with a value which neglected obvious value
See my previous post and view the panels reasons for their decision - It really puts things into perspective. There is SO MUCH VALUE which has been IGNORED by the first expert!
The new expert which is going to be releasing the report, has not only been asked to take this all this value into consideration, but ordered to have their work reviewed by ASIC before it goes to market (for checking to makesure shareholders don't get screwed again). Shareholders and option holders will finally get to know how much their stock and options are worth and be able to realise that value
I can't wait
BWN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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