In another T/O where there has been a majority shareholder in...

In another T/O where there has been a majority shareholder in which I had shares, the first offer was rejected and then another offer was made.

It had the same boilerplate stuff moving to delist and all that as well.

Is ADI listed in the UK? If not, then why bring up UK law?

ADI trades in the USA on the "Pink Sheets" and I haven't seen any comments about the T/O law and etc there.

I still think that a higher offer will now be made for ADI to all shareholders. IMO that offer will be high enough to get them enough shares to control the company.

What happened in that other T/O was that the higher offer was made and as it came toward the end with no other offers forthcoming, people bailed.

IMO the key to this whole 'mess' is the number of shares that big third parties have and will get their hands on by the time the original offer is set to expire or the number that gets shaken from the tree by the higher offer.

And here is where it gets interesting is that ADI with the cap raising may have put just enough addtional shares out there at 26 cents to make it 'easier' for AWE to get control. Sort of shooting yourslf in the foot, but then on the other hand...............

AWE needs to get that 50.1% for control and you have to count those 6,000,000 or so options that insiders have in the mess.

So if the higher offer is made to all shareholders, it meets the requirements of the law no matter the objections of the minority shareholders. They are free to either sell or keep their shares and accept the consequences of that action.

I really doubt that AWE would move to delist any time soon as it makes it easier for them to sccop up shares under the creeping acquisition laws until such time as they have "enough" shares. Then at which time they would move to make it happen.