I hope the discontent shown above builds to a crecsendo of NO votes come the new decision day. I submitted my NO vote through proxy some weeks ago, based in no small part because current management had recommended a yes. I had no confidence in them then and less now; one week to go and re-negotiating terms!! Lunacy. And, would they (our management)have similarly renegotiated if BTA SP had rocketed since the merger announcement, to perhaps give Nabi less of a percentage for more money - pigs arse they would.
This is just another "s..t sandwich" by management, who expect us to rejoice when we eat it.
And where do they get the data to say in the release that there was "overwhelming support for the merger" and state it as more than 90%. Surely that could not be determined until there had been a vote??
I would have been more than happy for NABI to have voted no and for the 2mil penalty to be applied to them. For my part, they and Mangrove can take a flying leap.
BTA Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
