There was an announcement today (through RRP to the ASX from Taurus) about an extension to the extension to the current takeover offer of 90c per share.
On pages 2 and 3 of the announcement, it states that this extension creates the right for those who have already accepted the offer to WITHDRAW their acceptance.
I strongly urge anyone who has already sent their form back to consider WITHDRAWING their acceptance.
Not doing so is tying yourself to Taurus.
Ask yourself whose best interests they are acting in?
Taurus have known since March 29 the value of the shares, as determined by the independent report.
Have they increased their offer in the near 6 weeks since? No.
Was there an article in a newspaper suggesting other parties were interesting in an acquisition or placement? Yes.
Why tie yourself to Taurus?
Early acceptance is not helping you get payment for your shares any further (as you would well be aware).
RRP Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held