merger, page-11

menaced

For what it's worth I accpted a few weeks ago as I believed that with the current holding that RMS have (32%+) the remaining DIO SH will all start looking vulnerable. Essentially IMO the DIO board have lost control with just over 20% remaining in DIO hands.

It boils down to this agree or disagree with the TO which of the two evils would you rather be with.

For me it was a no brainer AVO were disingenuous with their bid and I believe that DIO SH should give their support to RMS to make them the majority SH and control the destiny of the company. If in the end DIO do well then RMS in which I now own shares will also do well plus I have the added bonus of RMS per se doing well.

It will be interesting to see what the acceptances get too by Tue/Wed and whether RMS extend. At this stage it doesn't look like there will be a better offer.

Armed with this imperfect information I am now a RMS holder and feel very comfortable with my decision.

Cheers
BW