Have you noticed that the negative threads that get started on here are normally posted by the same individual, and then replied to n times, so that all a new visitor sees is negative?
Have you noticed that the poster in question is reluctant to articulate the reasons why they bought in to MEO originally, how long they held for and the compelling investment case for accepting any offer from a prospective bidder? You know, just to help fellow MEO holders along who clearly have not seen the light..
The games are beginning big style.
Now is the time surely for radio silence - the offer has gone from 1:20 to 1:5 with 6 weeks to go. Already 1:3 is being bandied around, but why settle for that? You mention that might be acceptable, that's what you get.
No-one knows what the MSMN BoD will move to, to avoid having to raise funds to get Murcheson off the ground. Or where they might have to look for said financing if MEO shareholders reject again. (Take a look at Bergen or Darwin and what their involvement does for shareholder value on AIM). One thing I will say for their BoD is that they have ponied up a lot of their own money which is unusual, and as large shareholders they clearly obviously want to limit dilution & SP stagnation.
So MEO with cash AND assets, the latter which could be fire-sold to re-coup expense, could be worth a lot more than you guys reckon. Compared to a Darwin or Bergen fund-raise.
As Staymour suggests - take a VERY LONG TIME before you make a decision. Watch and see what transpires - 6 weeks is a Lifetime or two on AIM, plenty long enough for some future shock, and who knows what? Your BoD response next week should be a starter for 10..
Good weekend folks.
MEO Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
