Ann: Change in substantial holding, page-135

I think you're right @Batmann or at least I agree with this theory. There's been some language spoken by HP that has not been necessary should it be untrue. And I don't believe it's in Gina's best interest to upset the apple cart when everything is being so well orchestrated by our team at KV. The amount of work being carried out in every corner of the business right now in synchronicity with production is due to years of planning ahead. Disrupting this would be detrimental in more ways than we can imagine.

Gina's holding is now a weapon against other potential suitors so she's best off not joining the board just yet. If she did and a substantial offer was placed on the table, enough that it would cause legal ramifications should they not accept on behalf of the best interest of the shareholders then her acquisition would be useless in defence. She now has a large enough holding to make a big contribution to the 25% votes required to fail a take over bid should she stay off the board.

Once we're in production we'll see greater relative value limiting the likeliness for M&A attempts. She can then join the board and throw her weight around of which we all have no doubt she will to suit her own agenda. By that stage who cares as we'd be printing cash anyway regardless of who we're in business with.

AIMO