Where to from here?, page-9

If Top 20, Mgt and AG hold about 30% of the registry, and assuming that they vote against any HTO, doesn't that mean that only 21% of the remaining 70% also have to vote no to have it fail? If that's correct, then you would think that there would be a fair few that would have shares above say 12-15cps and also vote no.

Also, does a HTO mean there's the potential for us to hold onto our shares depending on what the new Board decides? Or do we just get paid out and move on?

Thanks. All imo.