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I've just been doing a little lunchtime maths to put some perspective on how low BHR have gone. When the final shares of the 600m dilution are placed before the end of July we will have 2,486,943,957 shares in circulation - WOW! The rejected take over offer in Aug 2011 was at £120m. With the number of shares in issue today that equates to a share price of 4.8p. That is 10x today's current share price! If that is the case and an offer was made for the company today, what do we think they would accept/recommend to the big investors?
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