187milos order book confirmed, with more big orders coming!!
NAV : 36.9cts, Cash incoming 43 milos, shares 350,000,000
Yes, agreed it's low-ball offer, but it's not the final offer, so please hold-on to your shares, going by previous experiences, if acceptance levels are low and nearing the end offer date, there will be multiple extensions and EVEN revised offer price, up a few cents lah...
As the shares are illiquid, and small holdings, there are no funds to help us, so, as minority shareholders only, we are not sure if we can have enough % to influence or even attempt to block the offer,
So, i propose the following,
1) Hold on to your shares, don't accept first, monitor the acceptance level notifications,
2) Let the offer end dates be extended, be prepared for multiple times extension,
3) Hopefully, Boss Teo gets the hint, and revised his offer, maybe +2~3 cts lah...
4) Form a minority shareholders group, to calculate how much % we have sparely, and if it's enough to form a group/block somehow, contact Boss Teo after that to discuss, (note he may bother with us, and leave it to free-market trades, some yes, some no...
)
Anyone interested, please msg me here, spread the words too, i will be coordinator for this short clause,
Vested* since for more than 10 years,
It's a good company and i see it's prospects getting better recently after covid open up,
From Boss Teo's point of view, it's a damn good time to make this offer!! shrewd lah BOSS!
But a bit stingy to low-ball...
Boss Teo, for your attention pls! Be generous a bit, we know you can sir!!