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04-12-2015, 09:19 PM
What Mr Mano said has not impressed me at all!
PBS is merely trying his luck in this low-ball GO; he is now actively buying more shares in the open-market everyday to improve his chance, but he has not been able to pick up many shares. This only shows the ground on the minority shareholders side has been hardened.
Obviously, Zagro Asia's business and the Zagro Asia shares are worth a lot more than $0.30/share; otherwise, why would PBS want to launch an expensive GO exercise to buy out all the minority shareholders?!
I suppose the best option for all minority shareholders is to attend the coming EGM to vote against the privatization GO, and show PBS some real colors.
PBS is merely trying his luck in this low-ball GO; he is now actively buying more shares in the open-market everyday to improve his chance, but he has not been able to pick up many shares. This only shows the ground on the minority shareholders side has been hardened.
Obviously, Zagro Asia's business and the Zagro Asia shares are worth a lot more than $0.30/share; otherwise, why would PBS want to launch an expensive GO exercise to buy out all the minority shareholders?!
I suppose the best option for all minority shareholders is to attend the coming EGM to vote against the privatization GO, and show PBS some real colors.