While I agree with what you say about the same level of valuation for the number of shares we are going to receive, the fact remains that the Management has been acting very funny all along with this issue and that they failed to tell us of the change in the number of shares in Dart that we were going to receive. Why, is the critical part of it all IMHO.
That is not the way to run a Company without being specific to your shareholders, and possibly, even to the point of misleading them.
As for the shares we are going to receive, we haven't even being given a valuation of what those shares are worth. Plenty of good pictures and stories, but at times, pictures don't tell the full story either.
On the other end of the scale, and being investing for quite a few years now, I also took notice that when Directors have plenty of shares on issue like it was with AOE, they seem to restrain themsleves in awarding themselves too many of them because it would become too obvious. On the other hand if they haven't many of them on issue, they award themselves quite a few more and more often as well. After all if they award themselves say 2 million shares/options would sound worse than saying they are awarding themselves only 500K of them.
It is all a psychological effect, and belive me it works.
I repeat what I said before. And that is, that I hope that it all turns pear shape. Although I do also believe that NAB, with their holdings and the lendings of shares that they have been doing, will have more say and effect than what we think.
What a sad ending it would be for some of us with all the hopes and dreams, if it all finishes here.
Buddy
AOE Price at posting:
$4.79 Sentiment: Hold Disclosure: Held