takeover, page-70

Rodger

I don't see any problem at all

I think TQR can sell off market pretty easily if they take a further haircut

If they sell on the market it could take awhile at 10 cents

When all the selling is done then the SP will head up to its
Rightful price

I have only been involved in 2 takeover bids

The first was Billabong the $3 bid was rejected and $3.20 bid came
It was also rejected I sold at $2.90 buying in at$1.80

The other was HDF
The bidding went on for months
I ended up selling at $2.60
After buying at $1.95
Not sure what the final price was

These guys are making out the will be buying it from cash on hand
This is clearly untrue

They have $162 million cash and at 22 cents the sale price is $160 million

I still think IVA is worth $800 million
But at that the bid should be 55 cents

I bought some more at around 21 cents
And looking for an increased bid

If they are serious this could take awhile

I am hoping management respond this week now they have
The bidders statement

Imoo