Can anyone explain were this company is heading. Is it time to bail out with a merger or will the share price keep diving?

xmortal are you saying even with people buying this share now will loose money,even with the merger?its all confusing to me,please give your opinions as to what could happen to inter alliance holders,for those people who bought after the news of a merger at 1p a share.will they loose or could gain?or should they bail out asap?

As IAL shareholder do I have to do anything to approve the merger and to have my shares converted into Millfield shares.

Oakesapples mentions a EEN consolidation letter? I have note received this from my online broker.

Thanks

thomsonrj - I confirm it was a consolidation letter on EEN not IAL - What we need is for someone with better understanding to read the very long merger announcement - RNS 6 Aug - and help us understand. I possibly wrongly thought (see series of earlier posts) we would get 1.25p or 5 for 236 Millfield`s

big buying once the OFFER price dropped.any news?

I doubt there can be news - buying at .60 and a little higher has much attraction provided the merger goes through. Got my consolidation letter to-day but it adds nothing to what we already know