Given the mgt discussion seems to have moved towards a whole of...

Given the mgt discussion seems to have moved towards a whole of company transaction, Im struggling to see how the following two points can be reconciled:

1. The Board are only likely to support a bid at or close to NTA as they regularly sign off the NTA in the accounts as being the correct value;
2. Why would someone pay at or close to NTA with the class action and a deteriorating housing market hanging over it?

The only hope (and I really mean hope) is that a LT investor stumps up that is not overly concerned by short term cycles and has a view that the class action has no legs (or can size the potential liability and build it into their bid in a way the Board can support). Guess we'll just have to continue waiting.