It means you're not accepting it :) and could end up being a part of minority holders. I intend to let them acquire what little I have forcefully and that's Bounty getting to 90%.
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i intend to not be acquired, pick up more shares really cheeply and wait patiently for the cycle to change, and it will ,imo.
Just to clarify my mind, can some one confirm that should I Accept the offer after the Xdiv date, I will be paid in full within 7 days
I'd hate to completely lose this company to foreign ownership and poor NZX can't lose another company in the sorry states it is in now. So would 10.1% of shareholders at least refuse this offer and keep this on the market.
Soon this company will go from NZX to X-NZ, see what I did there =P
Bounty back buying again after the results. Upping their price to $1.19. This confirms they are 100% committed to the deal.
@ $1.19 Bounty also score the dividend of 4.1c a considerable discount from offer $1.23+4.1c = $1.271