Ann: Dispatch of Scheme Booklet, page-14

My thinking is that Odey would either have reduced further prior to the Scheme Booklet or would have held and would continue to hold now due the high likelihood of a successful scheme outcome ie they receive minimum $0.50 per share. I imagine that they would likely have established connections through brokers with other recent significant buyers (read Arb Funds). In spite of Odey now holding less, the collective position of the larger holders gives them significant leverage with TLEA and as was prognosticated from the start, there will be pressure placed upon TLEA to offer a sweetener additional incentive to achieve a successful vote. What that might be? ... Who knows? There of course remains a possibility of a MIN offer.

There is no advantage in voting early, so I suggest we all continue to sit pat and watch the process play out.

regards
DF