The Directors cannot recommend the RMS offer until they see the...

The Directors cannot recommend the RMS offer until they see the offer document - it is as simple as that David, even if it seems on the surface to be a better offer;

This is not an unregulated takeovers market we have here... the directors have to observe good governance practices, and recommending the bid without seeing the details and having those details evaluated by independant parties would leave them exposed to all sorts of potential legal action;

Also have you considered what may be the impact on the RMS share price of an additional 180m+ shares on issue, if even 10% of those come on the market after the bid close? AVO is a more substantial company with a market cap over $350m, and is much more liquid in terms of turnover.

The Directors have been entirely appropriate in recommending no action at this time.