what is your bet for the target statement ? Target statement should be on the asx on Friday/Monday. What's your bet?:
a. Directors recommend shareholders accept the pitiful offer because we weren't going to get off our a*se and argue with MacBank, or
b. Directors have forced the bidder to up the offer by 2/5/10 cents and recommend acceptance, or
c. Directors believe the offer is vastly undervalued and you should hold because OTT will be making a fat profit soon and worth substantially more than the current price, or
d. That greedy and difficult Martin chap is making life difficult for everyone and wants $1 per share. However the bidder has agreed and everyone will get $1 per share. Acceptance recommended.
Given the silence from the Board I'm not expecting any real help from them so I'm picking option b. If they squeeze it up past 50c then I'm sure that we have Gordon Martin to thank for it.
All IMHO of course
Zinc
OTT
open telecommunications limited
