The board says take no action back in July when the offer was...

The board says take no action back in July when the offer was 50c and the shareprice subsequently rose to 54c. They said it was lowball.

Now management say "the extra 7c attached to ridicous conditions are a top notch deal - take it!"

Meanwhile, the shareprice falls to 43c while holders are left to wait for 57c in May 2012.

Don't you just love the deal management have negotiated for the "loyal holders"?

Just another sunny day where reatilers/outsiders are bent over on the ASX.