July 11, 2011

At $3.80 it's a wrap!

No doubt everybody has heard that Qiagen have revised their offer to $3.80 per share. For me that's a definite YES! and I do so for the following reasons;

1) the Board were in the best position to know the business;

2) the Board were acting in the best interests of Cellestis Shareholders.

By accepting the above reasons I have no option other than to accept the Boards advice and vote YES! to the offer. If I was to reject either or both of those reasons, meaning that the Board was incompetent and/or not acting in my best interest, I would also have no option other than to vote YES! as the company would not have been a wise or secure investment.

I am happy to say that at the end of the day reasons 1) and 2) prevailed. The board have earned my full confidence and respect and have to be congratulated on the business like manner in which they conducted their, and mine, affairs.

And that's it folks!

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