Definition of TENDERED:

An offer of money; the act by which one individual offers someone who is holding a claim or demand against him or her the amount of money that the offeror regards and admits is due, in order to satisfy the claim or demand, in the absence of any contingency or stipulation attached to the offer.

The two essential characteristics of tender are an unconditional offer to perform, together with manifested ability to do so, and the production of the subject matter of tender. The term is generally used in reference to an offer to pay money; however, it may properly be used in reference to an offer of other kinds of property.

I like the part of the definition I have highlighted in bold and underlined.

Perhaps that is why the agents who phone, ask ARU share holders to tender their shares and not validly deposit them hahahahahaha.

Goes a long way to explaining why K uses the terminology of validly deposited shares rather than tendered.

It definately seems to me that taking up validly deposited shares is not the same as taking up tendered shares from above definition.

It certainly also seems to me that since they claimed the shares where only validly deposited rather than tendered, this to me means that conditions were attached to those shares deposited.

This game has been fun, I am going to miss it when it shortly comes to an end.

We will know very shortly who has been right and who has been wrong all along.

I predict that my detractors will no doubt disappear and back off as quickly as my ach nemisis on this board did when I threatened to post a few of his personal messages to me hahahahahahaha.

F.F.