Ann: Change in substantial holding, page-4

I think Westoz are putting their money where their mouth is. See Southern's post on the other thread re the Westoz public statement.

It is simple. Westoz think Zenith is worth much more (read their statement). They will extract a higher price for themselves (and us Leftovers) or they will vote 'no'. That is my thinking. Perhaps they can join the Cabal, but that seems unlikely given their unhappiness, publicly, with the Cabal. And if everyone joins the Cabal there are no Leftovers. There always needs to be Leftovers.

Can I bring the hired pop-gun, Grant Thornton into this. GT... hang your heads in shame. Unless you come out and say 'well, we think the WACC we used was too high (but we were directed to use) and the long term NON GROWTH we modelled (as we were directed to) is not really what we think. But, of course, like an hired pop-gun, for $110k we will write what you want us to write.

Calm down, Daniel. Be calm. Just watch the happenings.