yep, a takeover offer from Catalano/Waisletz group is almost a...

yep, a takeover offer from Catalano/Waisletz group is almost a certainty imho.
according to A/R Bruce Gordon has 42.4m shares.
Catalano only bought 18.9m shares from Gordon for 22.5c.
That transaction is conditional upon Cat receiving approval for transaction.
One would assume if he got approval to buy the 18m shares, he would get approval to buy the balance of BG's holding??
Am not sure what the implications of media law is, if that would stop him going over the 20% threshold, but I think not.
The media laws limitations I think come into play up to a limit of 15% --- but am unsure