nick4mony wrote:
> Wayne Passlow has made his next move.

Wayne together with Macquarie Bank - they own or will own 90% of OT
Holdings (see the bidder's statement).

> He's created an entity called
> OT Holdings, to make an offer of 41c per (modern) OT share.
>
> I'll have to plot the share splits and consolidations, and
> normalise the prices, but that sounds like a pittance (even if
> it is a 24% premium to the current on-market price).

Have a look at the chart (which caters for splits and
consolidations):
http://tinyurl.com/b8kgp
which is
http://www.asx.com.au/asx/research/ChartsSearchAndResults.jsp?
postback=true&asxCode=OTT&compare=index&indices=XJO&compareCode=&Time
Frame=M10&chart.x=48&chart.y=12

The 41c compares to the $1.30 (in today's prices) paid in the rights
issue and the $1.00 paid in the placement by the so-
called "sophisticated investors" (a corp law term for people who
qualify to invest without the protection of a prospectus).

There was a 5 to 1 split on 20 April 2000 so shares originally cost
$20 in the float in today's prices (originally shares were $1, then
there was a 5 to 1 split, i.e. 20c, then a 100 to 1 consolidation
i.e. $20).

Shares went as high as $380 in today's prices. Now they are worth
41c. The lowest exercise price of any of the employee options was
$20 in today's prices.

Also see http://tinyurl.com/7uw65
which is
http://www.smh.com.au/news/Business/When-we-went-
pop/2005/04/12/1113251627650.html