silence is golden

well well well...

after what appears to my untrained eyes to be a rather large "slap on the wrist" for NQM from the Takeovers Panel, I expected to see disgruntled NQM shareholders ranting and raving that their board were not playing with a straight bat... yet there is not a peep about it here - silence is indeed golden!!!

has anyone here read the Takeover Panels decision?

does anyone here have any comment about the decision?

does anyone here remember where the price of NQM was prior to the CQT bid?

has anyone here wondered if there is a correlation between the Takeover Panels decision, and the undervalued nature of the NQM share price prior to the CQT bid?

has anyone here considered what the presence of a HSK representative on the NQM board may have had in relation to the findings of the Takeover Panel?

has anyone here looked for any dots to connect in relation to the findings of the Takeover Panel and the decision by NQM's largest shareholder, Mr Walker, to accept the CQT offer?

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I read with interest the banter on the "not fair but reasonable" thread - especially when someone suggested HSK should increase their offer - sure, why not? All I can say is good luck with all that liquidity!! Maybe HSK will up the bid and NQM shareholders will need a wheelbarrow to take all their new HSK shares to their broker to sell?? (for those too young to understand the inference, try plugging "Weimar Republic wheelbarrow" into Google, and then check the images!).

Maybe I've watched too many episodes of The X-Files, but I can not believe that there has not been any serious questions asked on the NQM thread about HSK's possible motivation behind their bid for NQM. For example;

How long has HSK been a JV partner with NQM?

Why did HSK suddenly decide to make a massively dilutionary bid for 60% of an asset they seemingly hitherto did not want?

Why did HSK feel the need to try and gazump the CQT bid by such a considerable margin when HSK first launched their bid?

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Seriously guys & girls - try and answer a few of those questions... and remember it is always easy to say a takeover bid is "too low", but you surely have to reference the takeover bid to the point the stock was prior to the bid - if the CQT or HSK bid is "too low", it is because NQM was undervalued by the market prior to their bids... if you accept that, then I reiterate my earlier question;

has anyone here wondered if there is a correlation between the Takeover Panels decision, and the undervalued nature of the NQM share price prior to the CQT bid?