Ann: AEL's Increased 42 cent offer for Adelph, page-19

re: Ann: AEL's Increased 42 cent offer fo... No disrespect ta13, but forget the fluff and cut straight to the chase.

Point out the proximity of the companies;
the shenanigans in the lead up to the t/o:
- directors buying shares;
- the exclusion of shareholders in cap raising - except AWE.

Then the money blown on a target statement which was worthless and ignored (no more than a backside covering exercise);
now recommending a low-ball offer.


btw - was goldman sachs buying on behalf of AWE? or hoping for a better offer.

What a complete waste of time, while these goons where busily bending over for AWE, we foolishly thought they may have the spine to put up a fight for at least 50 cents. In that time the opportunity cost has been huge as the market dipped and rebounded.

IIRC my predicted target offer of about 55 cents was the closest the ADI one of 61, but I actually thought these jellybacks on the ADI board could get to 50.

Shame Shame Shame.