seems really interesting from the point of view of the Chinese investors and a bit of a lesson on how to get a great bargain
1. offer a takeover at a pretty crappy price 2. initial 17% investment combined with the issue of new shares at 40c make it very hard for another bidder to emerge and bid over the top and therefore capping the share price at max 55c unless a really big player comes in with a higher offer (low low change imho) 3. offer to settle takeover late september (pretty long time away) in the hope of ppl will be getting impatient and selling for 49-52c now and not have to wait
I was hoping GDO will be my most successful investment in the last 3 year... sadly I dont see that happening any more. Up 55% so I guess I should be happy.
GDO Price at posting:
50.5¢ Sentiment: None Disclosure: Held
