Ann: On Market Takeover Bid by DDC, page-15

Hi Ekult - best way to understand what's happening is this:
- DDC has offered to take over the company by placing billion share buy orders at 0.001 and is encouraging everyone to sell in to his buy bids.
- Shareholders are not forced to sell to him but he is encouraging it as its very rare to find a tech shell on the ASX, most shells are old resource ones
- Directos of FRE however have been advising the market for some time now that they are looking for a quality tech deal themselves and hence believe they are capable of delivering a good outcome for us

So ball is in the shareholders court - we can sell on market and give DDC the control, but by the looks of yesterday's trading everyone is happy to hold on and buy more in anticipation of what current directors can deliver.

Me personally - either way is going to provide a cracking result (like OGY, FRE is another quality and rare shell that's perfectly set up to provide value)

FRESH