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Sunday, February 11, 2007 11:44:43 AM
Then there are those who get out when they see the price fall below a certain benchmark they have set themselves.
The fall gathers pace and usually gets overdone by the time the event is made public.
What I am sayng is that most of the negatives, probably even more so, have already been built in to the current price.
I believe it is best to sit tight now, and, providing nothing adverse happens in the industry in general, once the amalgamation goes through, the price should recover.
We must never forget that to work out the relationship to the old price it would have been had it remained Bema we will have to divide Newco's shares by a factor of 10.
If it doesn't get a US listing, then that would be a negative.
I have written to the company to ask if that is likely. I should get an answer next week. However, if you live in the US
you could perhaps phone them - they often have a freephone number for investor relations. I am in London and the freephone doesn't work from here.
Cheers
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