get rid of them, page-26

"Given the share holdings that we do know about, Timeone have greater than 10% of the PLV issued capital. They can effectively block any third party takeovers if they want, or at least buy themselves a seat at the negotiating table "

They may be able to block a full take over because the acquirer wont be able to compulsorily acquire the last 10% but they will need 50% plus 1 share to gain control; which hopefully they wont get.

They are not entitled to a seat on the board because they haven't completed the deal as per the term sheet and even if they did its not automatic just ask Gina Reinhardt with 20% of Fairfax

These turkey,s failed to come up with the cash on time twice then used the excuse one of their investors pulled out then introduced yet another cheques in the mail , promise I love you in the morning mob in SS & T who once again have waited to the 11th hour to embarrass Tony.

For all his Redneck ways I know what Cudecos McCrae would tell them and the conversation would make Billy Connolly look like the Dalai Lama.