call me an avid fan of the conspiracy theory but considering this is not a take over anymore but what i call an under take (ie company buying out shareholders for a price lower than the current market price) it just seems rather convenient that the earnings weren't addressed in time to meet the condition of the takeover on time. This just reeks of a management tactic to scare the existing shareholders into accepting a new lower priced offer from ironbridge when and if it materialises.
the misery continues, page-15
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