Apart from thinking about what I could do to these bankers if I had them alone in a dark room, I'm placating myself at the moment with this little nugget of gold:
"The proposed schemes have the unanimous support of the directors without a material personal interest...and recommend the Orion proposal in absence of a superior offer"
really that's a scream. Firstly I'd like the directors named, rather than hiding behind the collective group as they are at the moment.
Secondly define material for me please.
But really, 'in the absence of a superior offer'? I know it's standard text but it is LAUGHABLE. How about we give you nothing for your assets and wait for GGX to run out of money and we pick them up out of the same bucket this whole misguided, greedy charade was conceived in for closer to their real value (perhaps $3mil)?
And finally I will not be voting for Edgar to be reappointed to the board at the AGM because of this announcement.
This is BOLLOCKS.
JT
OIP Price at posting:
10.0¢ Sentiment: None Disclosure: Held
