tfish,Not quite sure what you mean by "tease"It is clear that...

tfish,
Not quite sure what you mean by "tease"
It is clear that the market is not expecting SELM to succeed(even if a formal offer is made)
It is also clear that Jindal is interested in aquiring RCI,but it is not getting it for 0.30/s...Not while Wu Pun Yan controlling 51.7%.
What I am saying is that market reality might force Jindal to make an "acceptable" offer,probably a little discounted from SELM "non formal" offer.
Jindal's intentions are clear with its blocking stake of 27% ...It will eventually acquire RCI,but it has to make an offer Wu Pun Yan "can't refuse".
I don't think Jindal's aim is only to be a party pooper.