Once it was in the Public domain by news articles it had to be...

Once it was in the Public domain by news articles it had to be made public or face listing rule problems. Probably should have called a halt as if it turns out sourer, the holders will be badly affected.

Fingers crossed as Premier and McInnes are the obvious candidates, but reading more into the articles from overseas the city assets are very undervalued in the books by up to 75%!

The only concern I have is that when it was clarified as an offer of $3.12 per share, you would have expected the price to go to that level or beyond. It didn't move much beyond $2.50. It is an interesting time for holders.

I have a lot of call options for $2.70. The other thing is the announcement if market manipulation would have come the day before before the June expires surely. They would have made huge amounts for options worthless.

Ab.