Ann: WGO: Strike's First Supplementary Bidder's Statement, page-42

I am going to be 100% honest and say that I do not understand any of what is happening. Or more so what happens after the dust settles.

As I see it, it will finish with STX owning a large percentage, lets just say 60 as a figure, Gina 30 and then there is potentially a bunch of people who are not obliged to take either. Lets call it 10%.

So, in the above, to the best of my understanding we end up with STX, HPL & WGO (still), now controlled by STX and HPL. So can anyone explain how WGO operates at this point? We need to pay double the director fees, ASX registration etc, so that it still runs as a publicly listed company? Am I correct in this?

I would be insane to not take the STX offer, I wish I knew how to, but what happens if I did nothing?

I only ask because I don't understand how this future now works. Where do those scottish twits fit into all of this? They are selling their shares, but not the company right, so does that still keep them as directors?