Bernard Whimp has made another low-ball offer for an NZX listed company. This time it is Sky City Entertainment Group Ltd [SKC.NZX] and it is one of the stocks in the Share Investor Portfolio.
I thought he had been given the boot but here is, back again offering $2.30 for shares that finished trading at $3.42 yesterday.
Naturally I will not be accepting his kind offer but I am feeling a bit naughty this morning so I have a proposal to get back at the whimpmeister.
I am going to send my offer forms back to him (slightly whimsically filled out) in the freepost envelope provided because it is going to cost him to open and pay for the postage used.
What I propose is for my readers to download the acceptance forms that I have been sent, including the freepost envelope you can stick to your own envelope and send them whimsically into whimpy boy. You dont need to be a shareholder, just fill in fake stuff or a blank form or just send the envelope!
I may send in a few more copies myself.
It is all about him making more money and taking advantage of morons and the vulnerable and part of me thinks that is OK but I tend to loathe what he is doing so I am bloody doing this.
Bernard Whimp @ Share Investor
Whimp Makes share offers you can refuse
Download Offer Documents
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From Fishpond.co.nz
Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz
c Share Investor 2011
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Here is the link for the offer forms: http://www.shareinvestorforum.com/viewtopic.php?f=36&t=859#p2184
ReplyDeleteAs a proud SKC shareholder myself, I will join you Darren on this great and wonderful cause.
ReplyDeleteGood on you Raffa :)
ReplyDeleteIts interesting that on one hand you condemn Whimp and on the other hand 'part of you thinks its ok...'
ReplyDeleteThe difference between Whimp and you is that he has the balls to do it, and you don't!
Go Bernard!
Anon, I do condemn him but only to the point where he meets a prospective investor. Then it is up to the investor to make the right decision to cast his offer aside - we live in a free world.
ReplyDeleteHaving said that, the offer must follow law and Whimp has broken parts of the law in his offers.
I have the balls to do what he has done, I just don't have the gall.
It sounds like you do.
I have to update this. Whimp has made WHS shareholders another low-ball offer of $2.34 per share this week. This is $1.36 less than today's market price. I will not be accepting his offer of course.
ReplyDelete