Well the plot thickens further...DLS now currently own 40% of...

Well the plot thickens further...

DLS now currently own 40% of the company - which was RIM's holding a few weeks ago. RIM was under obligation to sell the second 20% to DLS if no other superior offer was made to ACN prior to yesterday.

Senex own approx 7.5% of ACN shares.

A deal between ACN and a third party (possibly Senex/New Hope) was being drawn up over past few days. This deal is not likley to proceed in light of DLS now owning a 40% stake in ACN.

Question is WHY has the deal been squashed based on fact DLS own 40% opposed to RIM owning 40%.

Answer is probably that things are a bit complicated right now and ACN cannot keep company in a trading halt indefinitely. Management seem to have conflicting agenda's and there is probably a bit of history and pride at stake.

IMO. I think that the board will advise shareholders NOT to SELL as the potential of the company is yet to be determined.

From there I would expect a continued game of cat and mouse involving ACN, DLS, SXY, NHC and possibly a larger third party.

As others have mentioned a 3 for 1 (ACN:DLS) share offer would be a reasonable outcome for us shareholders who are left on the sidelines with only 2 options...SELL at 28.5c or HOLD and wait for ACN management to extract some value out of this Holy Grail.