Bharthi First Approached in September Interesting to see in the Director's Circular that Bharti was first approached by Luxor on September 23rd (Note: share price on that day was between 0.65-0.70). It will be interesting to see if they come up with an improved bid within that range.
I think it's a bad sign that the board still hasn't made a recommendation. Either there are no bids on the table, or Luxor hasn't come up with a sufficient offer - both bad to us shareholders.