AJQ 0.00% 10.0¢ armour energy limited

Why so cheap?, page-2

  1. 2,240 Posts.
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    Would one be so sceptical as to think that the Chinese may have offered a packet of iced Vo-Vos to the directors? Perhaps a positive explanation would be appropriate to inform shareholders why Armours' directors went to almost extreme measures to reject the Chinese offer as woefully inadequate, obtained a very high priced phone book sized document to back up their rejection, put a minimum price of 22c with a median of 29c and and high of 37c then leaped at an offer of 20c. The WHY?? gets bigger daily. Let's not overlook the fact that the Chinese also get the cash that's in Armours' bank account making their offer even more paltry than it appears. If the Chinese get control and then do a fresh deal with the Americans they get Armour for virtually nothing, perhaps even get paid to take over Armour. I think we're selling a dollar for 50c , no bloody wonder the Chinese are buying.
 
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