Billabong_revisited 2

I got out of my earlier position. Must admit have read the situation wrongly. But given the muddy waters in this deal, I am out. Although it seems the Mr Naude is potentially more optimistic about the turnaround of the company given the US division has been the one bringing in revenue and profit, I must admit, after such  long time, I am getting very sceptical what is the value of the company, and all the non-binding clauses, which enables the acquirer to re-value their bid