Jake,I don't usually disagree with you, but did you have a good...

Jake,

I don't usually disagree with you, but did you have a good read of both the sections that I've quoted to gassed in one of my previous posts??

Do you forget that when an offer become unconditional or made unconditional from the start, it means that the bidding party will keep all the shares it bought on acceptance and that it would not have to return those shares to the shareholders that accepted the offer regardless of the amount of shares they've bought ??

As for this part of your post :

"BUT - the important thing here, in my opinion (get own advice) is that now BPT has over 50%, the GAME CHANGES for those s/h who remain.

If you are still holding, my thoughts are to keep an EAGLE-EYE on the directors, and the other eye on that closing date."

Jake, I've already made my intentions clear of what I am going to do, in my previous post,and posts before that.

And, I've stressed already that I will be keeping an eye on what the ADE Directors will recommend. If they will tell me to sell, I will. If not, chances are that I won't.

One more thing jake. And that is that the other day I've spoken to our MD over the phone, and although he was at a meeting, he took the time to speack to me. During the conversation, I have expressed my disappointment with him for falling into the trap that BPT set up, by letting them get in and take 19.99% of our shares.

He replied to me that he agreed with what I've said and that he never expected that coming from BPT. He also told me that the Board gave him a good serving for doing so. But, he also said to me that, now that he knows what BPT was/is like, he will not succomb very easily and that he will fight tooth and nails to get the best result possible for us.

He asked from me and others, for time. And I will do so. Because he has access to all the best advice possible, while we haven't.

As such, I am giving him the benefit of the doubt because he didn't have to say that to me at all. He could have told to go and suck eggs and face reality, but he didn't.

As I said quite a few times already, we have nothing to loose by waiting until the closing date of the offer, but possibly plenty to gain.
And IMO, unless the Directors of ADE tells us to sell, and BPT didn't reach that 90% minimum to enfore compulsory Acquisition, chances are that they will extend the offer some more.

After all, they wouldn't want to end up doing what Cleveland Cliff's ended up doing, would they ??
Nor, would they like the idea of having to run ADE as a totally separate different, and Independent Company from Beach, would they ?? Could you imagine all the extra costs involved in doing so ??

To me, it is worth the gamble of waiting until then.

Regards.