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20/05/20
11:54
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Originally posted by asculpeous:
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Vatrenil,that's all we're asking. Actions speak louder than words and bon homme. The big issue of shares to BOD if this goes ahead, and the initial sentiment of the BOD are indicative of how the BOD is thinking.It is unusual for a BOD to be so patently feathering its nest and giving its imprimatur on the first offer.They should at the very least be seeking alternate higher offers.The only situation that warrants not doing this is when the bidder already has a blocking stake,but this was not the case.If they are not doing this, and a sub notice of over 10% is out, we,the retail holders are already stymied. So are you still prepared to back this board? A couple of questions as you seem to one of the few accepting this low ball offer at this stage: 1.Are you James or another board member?Or are you a mate of James as you seem to know him well. If you are,we would like you to deliver to all shareholders BETTER offer 2.Vatrenil, you have stated that you would accept the offer.Would you do this without an escalation clause.
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I don't believe their are other parties now....there was, but not now. PFS report will be what it is, nothing mind blowing