Warrants they hold27 Feb 2017 09:48
Make sure your calculations of concert party's daily buying rate to achieve just over 50% includes the warrants they hold. I am no expert but it seems to me that their daily buying rate may be lower than many think. DO NOT SELL if you want price to have a chance of rising. If sparkyboy1 is correct in saying " If they do go for a takeover then whatever is the maximum price they have paid over the previous year is the minimum they can offer." then there is nothing to lose unless they abandon the takeover for ever which seems unlikely having gone this far. Daisan seems to know what he is talking about. However it is rather strange that some of the existing directors are making the ?takeover bid. But what do I know?! I stand to be corrected.