Ann: Cynata confirms receipt of indicative non-binding proposal, page-204

should SUMI/CYP BOD go down the path of entering into an SPV (special purpose vehicle), which I believe they must to have any hope of getting this TO offer across the line, they would have to get the buy in of ALL of the major shareholders including FF, with the BOD influence stock wise practically inconsequential due to their relatively minor holding stock wise even after the whole loan for shares debacle (something many posters on HC have regularly derided Ross & his band of merry men about over the past 2-3 years).

IMHO given that an SPV is the route to success for this TO to ultimately eventuate, I have to ask myself would they get the buy in to be a part of this SPV from FF, Fidelity etc etc, including of course getting the buy in from the not so small number of retail holders holding between 50,000 to 1,000,000 shares and we should not make the mistake of thinking that SUMI are not a competitor to FF because they most certainly are.

Therefore to me given the facts as I see the them and I fully admit what we have been presented with is not necessarily the whole picture, this has been an opportunistic bid that has very little chance of getting up. But shit who knows and I will NOT be happy to be wrong in this case.