I cann't deny that I would be the same as you either, but sometimes you just have to accept that whilst you have a say in the matter, it will probably be pushed through anyway and I think that is the sad situation that the PLA shareholders will find themselves in.
I think this is all down to Macquerie at the end of the day, they are the one's screwing the PLA shareholders to increase their own holdings.
As I posted in a previous thread on here. Do you honestly think that Leon Coetzer woke up the morning before the shareholder meeting and said I am thinking of changing the ratio and shafting the PLA shareholders or do you think that Macquerie spoke to LC and said we will give you the finance for the merger and we will take on the risk of the finance and take more shares for it and you can limit the other shares going out to the PLA shareholders and decrease the shares in issue for Jubilee post merger allowing an increase in confidence in Jubilee.
Which is the most likely option in your humble opinion ???
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held