new offer from gold coast consortium, page-20

Was that Carrie from the AFR Barb ? she may have your number there :-)

So Barb, are you pretty much telling us that on fact (not rumor), that BBG who had the opportunity to accept a revised down offer from PN/Sycamore from 60c down to 45c and rejected it or the board didn't endorse it.....

because they would rather dilute holdings and allow Sycamore to do a recap deal at 20c per share, effectively quadrupling the current shares on issue from approx. 500mill (479 mill) to almost 2 billion shares ??? and Gordo would rather this option, than rolling over his stake/equity to a fully private company, regardless of it being 60c or 45c ???

Is it me and I am missing something here ???