First let me say I supported the RMS bid and while I would prefer RMS to the no hopers AVO I am getting that feeling that this is turning into a mess.
I do not believe that this is going well I would have thought if there was good support for this bid then the acceptances would be well above 10% by now.
The problem is that this could end up in an ugly three way holding and I wonder if that is good and in the best interest for DIO holders hence the boards recommendation of REJECT the bid.
If the acceptances do not get up significantly over say 20% in the next few days I think I will wait for a better offer. The main thing is that the remaining shareholders, after this bid lapses, that hold the 55% fight AVO all the way.
It will be interesting to see how RMS react.
Cheers BW
DIO Price at posting:
83.0¢ Sentiment: LT Buy Disclosure: Held
