If the current offer of $0.52 is accepted by the board, I would tend to think the board has been offered senior positions in the coy making the offer. How can a low ball offer be accepted when all permutations suggest the coy is worth more.
Having said this, like many of you I am tired of holding on to shares for sooooo long with sooooo much uncertainty and secrecy. There are better managed and transparent coys that offer value in this sector. Time to take whats on offer (if it ever eventuates) and look elsewhere.
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