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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
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