Hi Dwayne
I'd say that the market has no faith in the bid either because of the large number of conditions or because it is a proportional bid which leaves you locked in for 55% of your shares.
These proportional bids are fairly rare and rarely well received.
The company has today announced that the ASX has given it another six months to find a business/activity.
The company will not be suspended on 30 June 2008. This is good news for all shareholders.
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