Ann: Becoming a substantial holder , page-5

well, this is a turn up - move to wind up the trust.
what do we make of this?

since EPN have control any vote is bound to fail.
l can only assume that they are presenting "an alternative offer" which will prod EPN to raise their offer.

it is clear that EPN are not going to get the whole company at 9c, so the question is whether they will raise the offer or settle for maybe 60 - 70%.