Once a company reach a 20% holding of another company, it has to clearly states it's intentions to the market. Hence why most companies only get to the 19.999% levels.
Now why would anyone think that, once BPT will reach 50% (if it will and it is quite possible now), and then walk away from it. ASIC would make sure that they declared their intentions, and what do you think their intentions are after doing what they did ??
BPT wants ADE there is no two ways about it. It is only a matter of money and how much they are prepared to pay for it. So, IMO, the ones that have sold out, they will miss out on something else.
Rushing into such a decision simply by following what the bidding company has insinuated, it is not for me. I am prepared to wait at least until the IER has been released and made public before I will make an informed decision.
Regards.
ADE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
