Second offer and Questions23 Oct 2014 11:07
Second offer is for $47.4 million which is approximately £30 million in cash which is about 18p per share which was the leak we had few weeks ago saying deal done at 18p. Now why is market cap still 1/3 of the offer price for part of the business. Is it because of debt? Must be some reason why management not going with this offer and are going with one they announced. A lot of questions in my mind which need answers and we need clarification from BOD IMHO. But one thing for sure we are not going down only way is up, risk gone really really low compared to up side potential here it just a matter of time when market realise it. We will have a boom like WRN. Good luck all holders