must have the b grade legal team doing this bid.is it just me...

must have the b grade legal team doing this bid.
is it just me because i found the bid doc a bit confusing to read.
references to 75% should really be 25% of total issued that they want to obtain before going compulsory acquisition.

here are my rough calcs based on about 148.5m shares on issue

current holding 66.2%=98m shares
bid for 25%=37m shares

total =135m shares =91%

dont know why they just didnt come out and say:

We(SVW) are making a full takeover offer of all 148.5m shares in NHR at $3.60 and the offer is open for one month.
Once we(SVW) obtain 91.55% NHR shares representing 25% which we do not already own,all remaining shares on issue will be compulsory acquired at $3.60.

no wouldn't that be better.