If anyone can mount a reasonable argument as to why the judge will reject the $1.35 offer price, then I'm willing to listen.
The next step has nothing to do with T2.
It's either
- a payout (as decided by shareholders, based on the level of shareholders who object)
- the Federal Court deciding whether the offer is fair and reasonable.
The fate of my shares will be determined by the moves of others, as outlined above.
I have called it as I see it. T2 and Realm have done plenty wrong, and I have always been on the front foot to point this out.
I regularly communicate with the MD, and was responsible for highlighting Galt's disclosure error and the mistake in a Earnings Per Share in the Half Yearly report.
I sent a 10 page document of my own research and preparation to ASIC prosecuting the case as to why they should have taken action.
I sent a very strongly worded communication to the Takeovers Panel highlighting how their intervention effectively killed the chances of non accepting shareholders receiving what we thought to be fairer value for our shares.
If I thought there was more in it I would say so, just like how I held after the takeover offer closed on August 3.
I will just sit quietly and see what happens.
RRP Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held