This is it folks, everyone should get used to it. The writing was on the wall way back when they issued 20% of the company to one holder at the last CR. There will be no other offers as they need 90% vote and with the bidder holding 20% a new bidder would have to offer and astronomical premium to todays offer. They want the oil and long term supply not to make a quick stag profit. they won't be able to muster up over 200mil votes against either. And if it is voted down the sp will collapse. So take your pick, you want to die by the sword or swiflty by the gun?
They've sold Galoc, 54A and WL A and B, plus , plus for a paltry $110mil. They'll srtip the assets, keep Galoc and WL. Make a killing.
"trading price of Nido shares, i.e. a premium of: 34% to the closing price of Nido shares of 4.1 cents on 29 July 2014; 45% to the 1 week volume-weighted average price of Nido shares of 3.79 cents; 62% to the 1 month volume-weighted average price of Nido shares of 3.40 cents; and 60% to the 3 month volume-weighted average price of Nido shares of 3.43 cents."
What a load of cobblers. It has been manipulated for so long and then they throw this VWAP garbage at us. Anyone care to go back through my posts and they will find that this is exactly what I predicted with the VWAP rubbish. and it's supposed to make every one feel all warm and fuzzy. Belt the shareholders into submission and then tell them what a great deal their getting. Farewell and good riddance Nido. All IMO of course. LOL
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