think you've got it wrong . this is win-win, page-6

Hotazel .

Dart shareholders have not been offered a "cheap exchange rate" .

Far from being a lowball offer the proposed merger gives us more protection against a lowball offer in future than we have now .

Both Igas and Dart are currently under valued .

If you look at the underlying assets excluding New South Wales Igas looks better and is far more developed .

I am based in the UK and don't like AIM which is why I initially dumped my Dart shares when Dart originally mooted moving there .

Are you miffed about delisting from the ASX or listing on AIM rather than the main market in London ?

Or for a different reason such as restrictions preventing Australian investors placing shares listed on overseas exchanges in super funds ?