not over yet

A Notice of Change of Interests of Substantial Holder was lodged today by Centaurus Capital Limited showing it now holds 7.27% of MSF.

Centaurus is a London-based hedge fund. Its website says:

"As part of our event driven approach, we make investments in equity and credit securities of companies that are undergoing significant corporate events or are experiencing other major changes, as well as "deep value investments" in securities that we believe are undervalued relative to their fundamental or intrinsic value, or which we expect to appreciate, should a particular event take place".

Sounds like they, for one, expect to see a higher bid come along.

Hope they are right!