Agree, and in the complete absence of another bid, they are also happy to mop up for $1.50 too.
Unfortunately there will be 25% of holders who are going to sit back and wait.
I wish the directors had some balls and chose to do the same thing rather then line their pockets at the expense of shareholders.
How disappointed would you be if you were the ones who footed the 115$m capital raising in the first place, only to have the entire amount dwindled down by bonuses and option conversion for the directors.
Agree, and in the complete absence of another bid, they are also...
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