possible takeover, page-13

I choose my words very carefully here.

Bentley becomes substantial on the 15th. Heron update ann on the 15th. So my question is did Bentley "pre-empt" the upcoming Heron deal through rigorous research and was expecting this deal to be finalised on the 15th, or did MEO release the update as response to Khan becoming substantial?

It would seem the market does not rate Mr Khan and his business vehicles as highly as he thinks he should be rated. He has a certain track record and modus operandi that may point to future aspirations.

If it is the beginning of a strategic play to access MEO cash he I feel he will have his work cut out for him. The existing MEO board are very very experienced, both financially and legally. Mr Khan may well get a seat on the board but that is a long way from Mr Khan controlling the cash and company direction.

I prefer to think of it this way - Bentley investments have not been performing in a stellar fashion the last several years, so a no brainer investment in something like MEO is a win win for them. They get in at cash value knowing MEO have substantial undervalued assets and $100m in the bank. If the undervalued assets don't appreciate Bentley don't loose their shareholder funds. If the assets do appreciate they will look like financial geniuses.