Friendly Takeover - Please Clarify ..., page-3

The GP share price shot up convenienly before their offer and now it has crashed back down to where it was prior.. they tried to sell it as a big win at 8.6c being effectively offered... yet the price is now effectively 5.5c which is lower than what BDR’s SP was before this offer was made. Hardly a favourable offer now the rose coloured glasses have been removed (the hyped GP share price)

If the company is seriously this close to a turn around, then the BoD are either selling this cheap because they know the company isn’t close to a turn around at all, or they’re not truly looking after share holders interests. My opinion of course, but it sure looks that way.

BDR could dilute the shares on the registry by 33% at 4.5c and raise almost $40m, that would surely see them through this if things are so close to a turn around. 33% seems better than 68%