chris corrigan saw value in virgin,all he needed was a sucker to offload it at the top of the market,he knew little would make a move & he just waited...
corrigan got another $3.00 cash on top of the first bid(0.4 toll at $13.58 plus 0.3 virgin in speccie).ramped patricks big time.
who is lyttle? rowsthorn is the only TOLL connection allowed at AIO,paul LITTLE is not a director of AIO that i know of.
chris corrigan put it over little in this deal as i said hes a smart operator,he knew little would be back with more than $4.6b,do all your calcs & you will find patricks wasnt worth a cracker more than $4.6b.
as for cashed up,AIO aint ever been cashed up,it still owes about $3b.
also the guy crapping on about jbwere saying AIO was worth $2.45...jbwere works for AIO.id like to see how the jbwere crowd got AIO $2.45...
i wouldnt rule out corrigan bobbing up somewhere more so now that QR is up for sale.
emailed MR yesterday & asked for his resignation due to the following gross incompetent actions (& not acting in the shareholders interests.) 1.brambles 2.firesale/monetisation 3.paying dividends
plus his personal greed re: $740,000 bonus & 3.6m options & not act in the shareholders interests.
AIO Price at posting:
$1.63 Sentiment: None Disclosure: Not Held