why below offer?, page-7

Who are you to say that shareholders should buy more shares? Whether they buy more shares or not is irrespective of their belief in the comapanys fundamentals. I for one have no funds to buy more shares (plain and simple).

Management should simply evaluate and accept when 5+ broker reports valuate CAH at $2.40+?? CAH is a long term prospect. The current SP is depressed, but thats not reason in itself to accept a premium. Also the premium is based on a 52 week low (thats opportunism at its best)!! And there are plenty of broker reports for you to evaluate the companys fundamentals (http://www.catalparesources.com.au/broker.asp)

I think the merger has great potential but the price is not right. And this is the message that management clearly communicated in their response to the offer.