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clock Created with Sketch. 20/08/18
20:15
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Originally posted by Inukshuk
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Nope - that doesn't work. More of a face saving effort from the "independent" directors. Why would they recommend (again) the same low ball offer from RISCO - is it just because there has been little take up and only one week remaining until the offer closes? After now seeing (and presumably hearing) the lack of interest from the majority who haven't capitulated they have decided to try once more to support selling at 9.1 cps. Why not, based on the inputs, recommend to run the company as is - and recommend doing nothing?
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The valuation is done with the perspective that Risco have a 100%. The Franking Account is of no value to foreign holders.
