"rowsthorn should be interested in a good deal for shareholders as from memory he himself holds 10% of the companys shares. "
One has to bear in mind the risk that rowsthorn personally bought his 10% stake at prices much much higher than $4.40. That was the reason the board (rowsthorn) rejected the TPG $4.40 take-over bid last August.
With brokers/analyst predicting takeover offers of only around $2 to $2.50, do we expect rowsthorn to be more obliging this time round and accept the offer?
Time will tell. It would be a great result if TPG offers more than $2.50! We might have a chance then!
AIO Price at posting:
92.9¢ Sentiment: None Disclosure: Held
