It is not of forgone conclusion that they will get 75% of the...

It is not of forgone conclusion that they will get 75% of the vote required to pass the scheme of arrangement. SP telemedia's shares will not have the voting rights. Yes directors will still have a lot of shares but so do institutions.

The institutions will not be too impressed with directors accepting an offer that has almost no control premium.

I think downside is almost negligible, and upside may see a better offer out of the blue (possibly private capital group).

It doesn't hurt to email or phone the company and let them know of your dissatisfaction if you feel that way.

We will just have to wait and see what happens in December.

Cheers