"The reason some people continue to hold is because they judge...

"The reason some people continue to hold is because they judge the company is worth more than what is offered. They are hoping for a better offer. Quite simple really. "

With a major shareholder with 75% another offer is out of the question. To hold on the prospect of one emerging at this point seems, at the very least, overly optimistic.

In any company there'll be a percentage of people who don't follow their investments or can't be bothered sending an acceptance for whatever inconcievable reason - hence the 90%.

In the next few weeks most of those who aren't in that category WILL accept. The only real question is will there be 90% of them - if there are DLS had numerous options to mop up the remainder which may, or may not result in the few receiving a better deal than currently offered.

If this were my decision I'd take the money and run and if I hadn't studied the machinations of DLS thouroughly and for an extended period of time I wouldn't risk my money there either.

TR

TR