I posted this on the HML thread for I hold both. I believe BHD...

I posted this on the HML thread for I hold both. I believe BHD will survive considering the information to date. I post it here for the undecided, for it applies equally to both company shareholders.

The big questions that need to be answered are:-
* Will they get 50.1%
* Will accepters be able to sell JBL shares if it comes to pass?
* Can management delist an ASX company where over half previous holders left - but not 75%?
* Without over 50% of BHD can JBL/JBFG survive on only half of HML?
* Can JBL/JBFG survive without either?
* Why can't JBL give a reasonable explanation of the future?
* Can the people that caused this mess manage it to profitability?
* What is the value of your shares now? What will the value be if you accept the offer?
* JBL's intent is to buy all of JBFG/unlisted holdings - where is the money coming from?
* Why wouldn't the ASX let the 'Transactions' pass of which this offer is the alternative?
* Why make the offer to BHD if they intend to continue trading with any residual shareholders?
* Who is buying the odd JBL share to prop up the $1.60 price that is hogwash?
* Would it not be prudent to minimize losses by letting HML trade its way out of JBL and JBFG collapse like BHD?
* Do you believe a company can succeed on hope alone with bad management and an absence of trust?
* Do you believe the investments made by management and the companies structural changes to date are a sign of competence?
* Do you believe that the current information is correct or adequate?
* Initially it was to be a vote. Now it is a capitulation by the individual to hand assets over. Why?
* Who will benefit the most if assets are handed over?

Without the answers to these and many more questions we are guessing at the choice. Guessing is gambling. It all comes down to emotion. There is even no way to speculate. There is a vacuum of facts other than a lot of our asset value is gone and there is little hope of retrieving it any time soon, if ever.

I have stated in the past that I would only vote or be a participant if there was adequate information, including reasons for the many issues of concern. I have seen no credible information therefore no reason to accept to be part of a broken dream that is already collapsing. My investment has already collapsed and this offer gives me no confidence that asset value will increase.

Let management sort their own mess out and bear the responsibility while we still have ASX backing.
If there is no big money buying JBL shares around $1.60 in the next few weeks then this offer is not worth the paperwork it is written on let alone the expense.





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