Very well put (max agent 86) You lost me with a lot of the legalese mumbo jumbo but it seems that the incumbent Board members may not have done their homework properly. Why can't things be simple Black and White but no there are hundreds of shades of grey that can come into play. By getting KM involved that somehow absolves them of any claims of negligence and presumably kills any chance of Civil Action by shareholders. And you mention another loophole that could take the decision off the Board to accept or reject any bid and hand it to the banks. Why have Boards in the first place.They are immune from prosecution when they make monumental stuff ups like BBG. NO ONE will be falling on their swords here. Sycamore have played this to perfection. Go and buy a Maccas 30 cent icecream everyone it has far greater value than a BB bit of paper which is only good for wiping ones bums and little else.
BBG Price at posting:
37.8¢ Sentiment: None Disclosure: Not Held
