if MC were genuine, the starting bid would not have been 52p. I agree GD was not interested because he didn't have enough of his own shares, he does now. He said at the time ''other bidders may emerge'' were these companies who would work with Nissin? is it the case they reside in the same continent as Nissin? Bid speculation is nothing new to PF, some of the SP rise from 10p(after refinancing in 2012) to 18p in April 2012, was bid speculation, who was this? Then again in autumn 2013 from £1.50 to £1.85 bid speculation returned, who was this?
We all know why.....because his massive bonus shares haven't vested yet......so simple, then he begged Nissin to sabotage any forced takeover by McC. My only problem was that if McC were genuine bidders they could have pushed Darby to the side and deal with big shareholders to sack Darby then make them an offer they can't refuse. Why must a failure of a CEO be allowed to block a bid......still don't know why PFD hasn't done any deal with Amazon yet....just the buzz alone will triple the SP.....just look at MRW.
It's Irelevant what price McC offered..... it was turned down and personally I don't trust his reason for turning it down. Let's not forget it wasn't actually an offer just a figure that they put across to see if they could tempt Gd. When he stops blaming the weather and we actually see some real gains over all the product range then we can say pfd has turned the corner and Gd is doing his job and deserves the extra shares he keeps getting
understand the frustration, I feel the same. However, I'm 100% certain the SP will be greater than 65p come March and the symbolic significance of this cannot understated. Quite simply, this was the maximum MC were prepared to pay, with strings attached. This point will have been reached, with the effect on sales of Nissin products to come.
I think they always set themselves targets that are non-measurable by the shareholders, that way they never miss them and always get their FREE shares bonus. Totally outrages and should be stopped but never is.
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