3% creeping acquisition limit exceeded - takeover offer tomorrow morning?, page-15

The Directors need to apply themselves diligently to deploying the cash. Sure they may be looking/ waiting for a great deal and settlement of the BI claim, but it would be against the interests of all other shareholders if the cash is left to sit there while the substantial shareholders take the company by a long and slow creep, putting downward pressure on sp, with cash earning 2%, and we still speculating this time next year where the company is headed. If it is well managed and the directors are genuinely perusing a sensible diversification strategy, it should be trading in the 40s or more this time next year. MGX certainly has the money to make that happen, the only question is whether directors/management have the skills & independence to make it happen. As others have pointed out this is meant to be a buyers' market. Don't wish to sound pessimistic here, because I am not, and I am very long MGX. But forewarned is forearmed. GLTAH