AFR Streettalk, page-10

yep, very disappointing.

But we shareholders still have the choice of whether to accept or not.

The basic issue seems to be whether one believes in the "Westside Story".

It is still the beginnings of a really good business.
Where are you going to find another investment offering the same growth prospects?
The board at this stage has not capitulated. They may well come out with a recommendation "not fair , but reasonable"?
But I simply cannot see the Board changing their view.

So if one still thinks WCL has good growth prospects, and that 40c is still "manifestly inadequate" then we can simply not sell.

if they get to 50.1% they do get ultimate control, but there has to be independent directors, and WCL will remain listed.

So maybe we should stay in, or even stay in for a portion of our shares?
I am thinking along these lines.
cheers