alternative proposal- 48c raising?, page-2

Thanks for posting this Nilnil1. I think the only way forward is a No vote. Seems to me there is a Plan B but the board don't want to discuss it as it would scuttle Plan A.

From the OZL website (substantial shareholders as of March) plus the Barclay notice:

National Nominees Lt 15.6%, HSBC Custody Nominees Australia Ltd 11.2% J P Morgan Nominees Australia Ltd 10.2% Citicorp Nominees Pty Ltd 3.6% ANZ Nominees Pty Ltd 3.3% HSBC Custody Nominees (Australia) Limited - A/C 2
1.1% Barclays 5.1%

Total 51%

I find it hard to believe that all of these would support this dud deal with MM.