The fact of the matter is the bid values IVA at 160 million....

The fact of the matter is the bid values IVA at 160 million. This is patently ridiculous and everyone here knows that. It way, way, way undervalues the company and if the directors jump at it they are being woefully negligent.End of story.

Don't want to hear about premiums to VWAP etc etc. It's all crap and everyone knows that.It's a selling technique akin to that used by dodgy real estate agents and used car salesmen.

Go away and come back with a real offer you puckerheads.