But didn't you just establish that EPC890 is owned by RCI?
Didn't RCI make an offer at 42 cents straight off the bat with no other competing bid that would have let option holders convert anyways?
Didn't RCI terminate the takeover talks and not Jindal?
And now that RCI does have the cash, won't it be in an even stronger position?
I don't understand your points. I do agree that RCI should state that the Meijin bid has either lapsed or still on the table. Most likely it has lapsed.
RCI Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held