notice of extension, page-18

"I am still really puzzled though what benefit they can gain by extending when they had 75% easily. Surely they already had everything they wanted, or what are they after?"


Any more acceptences now are a bonus and less hassle dealing with now.

Focus also has made its intentions of delisting if CRE falls below the minimum number of shareholders. (not sure of the number but I have seen 300 and 500 mentioned in some reading - depending on the company assets)

So while they cant get 90% they can reduce the number of holders of CRE out there by extending the offer. Now we know stone has 13% holder with a chunk, FML has 77%. How many holders hold the last 10%.

If I was stones I 'd be getting every unlce, aunt cousin, neighbour and their dog to buy a marketable parcel of CRE shares.


So every additional acceptance has no relevence on the 90% figure, but it has huge significance as to whether CRE remains listed.