No fear guys! Gordon Gait is the Chairman of RRP. Today he...

No fear guys!

Gordon Gait is the Chairman of RRP.

Today he learnt what a conditional takeover is.

This shows the incompetence we have had to deal with, and why RRP has failed to re-list.

There are 2 possible scenarios here in my opinion,

1) he has no idea

Or

2) he deliberately released the notice to make it look like all holders should accept the offer because he (as chairman and a board director) has.

The shares will have never left his trading account (CHESS or Issuer).

Independant report should be out today or tomorrow, it's going to make interesting reading. We will definitely see how "independent" those other 2 directors are.

I wish I knew whether RRP are still required to hold their AGM (from memory, it was the end of April last year) given the takeover.

They should be expecting a lot of angry shareholders, given

1) the incompetence displayed in terms of re-listing the company
2) the grossly inadequate takeover offer.

I have noted down the names of the directors and I will never been investing in anything they are involved with again.
They have not acted in the best interests of ALL shareholders ALL of the time.

No doubt they think they are doing a great job though!!