Fortune Oil Forum

Hold and Vote No-That is what I will be doing when the time comes.

Hold and Vote NO - The way I see this is that most people on this board believe NAV to be 20p-30p. BOD own majority of shares and for sound business reasons want to take the business private, particularly if they can do this for less than NAV (but regardless of price the proposal has a logic, no one is behaving dishonarably). Minority investors are therefore in a negotiating position , if 25% of us look likely to say no it will make sense for BOD to up offer and we will probably meet somewhere between 10p and 20p. My view is that the only issue is price, its in everyone's interest to resolve this fast, but minority share holders have every right to try force price up by resisting initial offer-Good Luck to all

My Guess is best bet would be for someone to assemble block of shares which could stop the bid forcing concert party to up offer dont know how likely this is given fragmented ownership of shares outside concert party control but I cant see a downside to voting no

RE:The FTO News Pack. I read that on Friday his comment was STICHED UP

In a nutshell yes

They come up with that price, due on the share price over 3mths

Don't buy takeaways

After 19 years of holding this share I am have made a lot but will be sad to lose the comments from you all

ah well . I cant really complain. I first bought at I think half a p many yrs ago

if this company could pay a regular dividend then I think the SP would rise considerably.