Believe that Infose has hit the nail on the head when he...

Believe that Infose has hit the nail on the head when he indicated that a lot of posters are offering pipedream comments and opinions regarding what FML can do on delisting CRE.

If delisted CRE will still continue as a company bound by all the regulations and rules of the Corporations Act, however its shares will no longer be publicly traded and it will not have to follow ASX reporting rules in the conduct of its business (could hold just one AGM a year with no interim reports to shareholders whatsoever).

Excluding all the implications of CRE becoming a private company, what the final extension notice does is give Stone and other remaining CRE shareholders due notice that at some point in the future they will be on their own in attempting to negotiate the sale of CRE shares (that is if they can find a buyer).

The other thing the final notice does is illustrate that FML is adopting a very legal approach in all its dealings with CRE, and to expect the same from the new CRE Board.

What ever happens in the future, minority CRE shareholders will be pushed to mount any legal challenges regarding CRE Board decisions (even if they just happen to favour FML).

Major implication for Stone is that their money is going to be locked up in a company they have no effective say in, to say nothing of being put into a situation where they may have to provide additional future funding to prevent further dilution of their shareholding., all on a no guarantee of a return on the investment.

Whatever the outcome of this final extension, one could say that a big line has been drawn in the sand by FML and let us hope that the message gets across.