oakes takeover reaction? , page-45

Muss24au,

Presumably all should have became apparent when Pointon stated "they intend to sell the company". Pointon and Wu had their own plan to bring in Minor but not necessarily for a full Minor takeover. Management buyout maybe, thus the game of chicken with the banks and the avoidance of steps to stabalise the share price.

Other board members thought that if the family jewels are going to be sold off cheap they may as well keep it in their half of the family thus the RFG discussions. Wong simply changed horses to provide enough clout to the board to oust Pointon and enable the DD. In doing so he became a player in his own right rather than the lapdog in the other gang.

Wong fell out with Pointon / Wu at this point presumably. Pointon wanted to stop the RFG DD and control communications so the Minor plan didn't fall apart thus the EGM. Wongs defection caught him off guard and found himself locked out at a key point just as the plan was about to be put into action. Minor plan was drastically altered at last minute due to the sacking and everything brought forward.

There is another player here also that made all of this possible.