58c, page-4

Hi Blake,

Are you new to the sharemarket? (serious question not trying to upset you mate)

Most companies sp approaching a takeover normally drift very close to the takeover price, take the most recent IVA, its take over offer is 22c, yet since releasing this info in September its sp has been drifting between 21c & 23c

As soon as it is clear that ELM take over is happening we will be at 65c ish, look at the quotes/depth on the sell side.

These are approx. figures, on the sell side up to 65c but not including 65c there are about 70000 shares at an average of 61c which is about $43000 to buy, when the deal goes through they will get 66c which is about $46000 a profit of around $3000 which is around 6% profit for one month with a small possibility of a higher offer during the wait.

Many investors on here have taken greater risks over a longer time period for less profit I can promise you, for a small to medium retail investor right now in the ASX this would still be of interest.

Banks right now are offering around 3% for a term deposit over 1 month, with ELM you can double that

Please correct me if I am wrong with any of this afterall it was a quick guestimate & I'm half asleep