I am not an RPM holder but have investments in other small csm...

I am not an RPM holder but have investments in other small csm and oil/gas operators and as such have watched developments here with alot of interest.

I am concerned at some of the ramifications that this QGC bid has for other s/h in the csm sector. Am curious to see if others share my concern. ?

I have read thru the bidder statement and was surprised by a couple of things.

1) There does not seem to be any rationale linking the offer to the intrinsic value of RPM assets. I was wondering if someone more familiar with RPM may provide some calculations detailing where they believe the true value lies.

2) The notion that upon 50% acceptance QGC intends to apply to delist the entity thus leaving small shareholders with no market to trade. I call this the sledgehammer clause as it seems to me that faced with few options small shareholders have little choice but to accept the will of big business or suffer the consequences.

3) The directors willingness to recommend the offer (in the absence of a superior bid). It seems to me to be a low ball opportunistic bid hammered out in 'backroom/closed door' style with agreements being made before majority of s/h know what hit them.

I know that some of you here are very well informed investors and will be aware of these issues but it is my experience that a majority of small/minority investors when faced with an 85 page bidder statement would rather use it as a doorstop than actually read it and as a result may not be aware of the possibility of holding stock inan unlisted subsidiary of QGC.

Minority s/h often feel that they have no voice in matters and so blindly follow the recommendations put before them sometimes to their own detrimentand so as usual BIG Business gets one over the little guy again.

The responsibility of a board is to look after the interests of ALL STAKEHOLDERS. This is a fiduciary duty laid down by law and governance standards.

IMO this deal has ramifications for shareholders of other companies operating in the same airspace.

Sorry to but in on your thread but would appreciate hearing your thoughts on these matters as an interested observer