Buddy, Your are right.BPT's ann looks like threatening on ADE...

Buddy, Your are right.

BPT's ann looks like threatening on ADE share holders....

I understand that because of BPT has money. But Ade has assets. Ade does not have to sell to BPT if ADE has other bidder (instance: BHP). Or ADE can look for another bidder who may give a good offer.
Or
Ade can make share placement to all shareholders and invest institution except BPT, to reduce the percentage of BPT’s holding on ADE share.

As we know that BPT can offer 40 cents with excise price on ADE’s option in 2016. That means ADE’s shares well above this 40 cents price in short time frame.

My question is we have no reasons to lose ADE’s share value unless BPT change the offer price in a reasonable acceptance value for all of us (including BPT).