You say Nigel wanted to make sure AVZ kept control, but if that was really the goal, he should have pushed Cath down to 29.5% instead of 30.5%. As far as I know, the ICC hasn’t ruled on the 15% yet. If they decide Dathomir had the right to cancel the SPAs, AVZ is left with 60%. In that case, 29.5% would give Cath 49% of GLA, but the 30.5% gives them 51%, a controlling stake. If control was so important, even if confident in the ICC outcome, why not cover every percentage ownership scenario for the sake of 1%?
29.5% would have kept control of GLH in every scenario. So, if this is as important as you keep telling us, why would Nigel agree to a deal where they could potentially lose control of the holding company?
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