mak offer doesn't recognise benefit of 75%, page-17

makattack, some things in life are more important than money. I won't be stood over by anyone - spruikers I can live with but not bullies. On that basis I no longer consider MAK an option and would only accept MAK on the basis of a lucrative revision of their offer.

The UCL offer gives me an option to not sell on market immediately should I choose to hold on a bit longer. Btw I doubt they would have even 2% but that's not my problem - the UCL offer is just an insurance for a bit more time if I want it.

Interestingly the stated intention to delist suggests that MAK don't mind not having 100% which diminishes their level of exposure to Sandpiper. They could end up with a significant level of very annoying small shareholders if they don't get much more from here. I'm thinking of holding on to a few if they do delist under compulsory to allow me to be just such a pest if I choose.