all i know is...., page-12

It doesnt seem logical that Agathis would even enter the deal if they did not have the cash/fincance to complete. Do you think the directors would entertain the deal otherwise? As for reported assets- its a private company isnt it? So how do we know? We dont! If the market thinks that the deal would complete then there would not be such low volume trading each day. A $79mil company will usually trade at a substanial discount to offer. We have seen other recent deals trade at huge disounts for periods of time- Goldlink is a prime example 48c-49c on a 55c offer! Lets wait for the scheme booklet before we jump to conclusions....