Ann: Release re Share Transaction, page-43

Firstly the sale without an offer to minorities can only go through if minorities vote in favour of it LA cannot vote his shares. If the directors were so happy they would not have put the caveat that "unless a superior offer emerges ..." They would have said they intend to vote in favour of it outright.

So minorities definitely have a say.

Then to all those that think its great. When has a private company done anything in your favour. They can charge management fees , licencing fees etc. Why doid they not make an offer to all shareholders because they want control - the rest they can play with. Why would a private company actually want the hassle of all the regulations of listing in Australia. Its really because they will get everything they want from control - they rest of us mugs will see a stagnant company for ever until the price is slowly bleeding. Now I understand the resignation , the slow puncture in the share price ... This has obviously been in play for some time.

MY VOTE IS NO. Do a fair deal offer it to all shareholders.