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29/03/19
11:06
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Originally posted by Willowbanker:
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Just wondering what everyone's feelings are? Do we really think there are going to be any more offers before we have to vote on the casa offer? I've come to agree with previous posts by members that the time frame wouldn't allow enough time for interested companies to hear about the sale ( as ntc is forbidden to shop it around under agreement) and do their due diligence. I'm sure this is no accident both ntc board and casa would know this. The only way other offers will be made is if the takeover is voted down and ntc are able to shop it around. So I think it will come down to whether we sell out at the current offer price or not. I. Still undecided whether I should just take the appalling offer that the board is recommending and reinvest or take the punt that given the ability to crunch their numbers either casa or other interested parties still have more in them. Think im leaning towards a vote of NO at the moment just for sh!ts and giggles. The thing that really bugs me more than anything else is that the cash reserves that the company did not pay out as dividends for future growth just gets passed on to casa under this lowball offer.
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It's beyond comprehension, that other tech-centric companies would be in ignorant of casa's offer. Given that technology moves at the speed of light, It's quite possible that ntc's technology is already obsolete.