donburke writes: the shares have been issued at 11c which is...

donburke writes: the shares have been issued at 11c which is about the average price that the stock has been trading at over the last month or so,

Thats on very low volume, try buying a large parcel

donburke writes: the announcement read that the takeover may or may not proceed, so you cant ask the company to stop running its business in the meantime

The company’s ownership would of been ongoing, this didn't just popup. Im sure they talk to alot of companys but to make an announcement it must have an offer potential I think the board should have waited and exhausted all avenues of the offer frist. 18.5million at .11cents what a gift.

donburke writes: needed the capital to fund the business growth,

Solar hot water business this may take 2,3 or 4 yeas to trun into a profit. This business is only viable while the government is funding it. Who knows if the funds will be still there in a few years. I hate a business that rely on government funding.

donburke writes: 18M shares is less than 10% of the total capital

BBP has 20% Hunter hall 20% board 15% and now professional investors (whatever that means) 10% = 65%. A takeover needs 90% to compulsary acquire the rest, small shareholder wont have much of a say.

donburke writes: other options does the company have to fund its growth ? debt ?

NO a capital raise through it's current shareholders. At .11cents and a takeover on the table it's called looking after your loyal holders.

donburke are you one of the lucky socall professioal investors that picked up a large parcel at .11cents, with a likely takeover on the table.
This is exactly what Kevin Rudd is talking about the GREEDY top end. What about the small shareholders that payed .30cents a share that beleived in GREEN screwed.
The socall professioal investors GREEDY top end only believe in money.