You got it in one Nicleeson. For Gareth's knowledge, BEL is...

You got it in one Nicleeson. For Gareth's knowledge, BEL is effectively controlled by OEQ which is controlled by QUE who is controlled by the Khan/Chaudhri "family". Google could be your friend if you are researching this investment.

Interesting and Uncertainty is one way to put it. The WAM deal is a near copy of what they put to CYA so I think Wilson just wants the ASX shell and the accumulated tax losses. What does Khan want ? perhaps an arbitrage opportunity but most likely, to control the money ! I think Khan would be working on Wilson walking away as he did with CYA or having a blocking vote to not allow the restructure. Time will tell but that's my opinion.

Certainly an interesting group of shareholders and I wish the best to the Board in navigating there way through this.