Ann: Becoming a substantial holder, page-5

The question that would need to be asked is where does Queensgate fit into all of this and since all the names listed seem to be Singaporean and would have some close relationship of the major shareholder then one would suspect:
- they are maneuvering to profit from the sale; or
- the DD from AVID has identified a shortfall in the corporate governance of the shareholder.

The fact that this has gone on this long, and since that any deal would need the support of the major shareholder, who has been around for a couple of decades and is closing associated with Simon Cheong (Chairman), would suggest that it is more than likely that a deal will occur.