Ann: Open Letter to All Shareholders , page-10

I guess they (The IG) need to determine what's more imprtant. What do they stand for. Is it the two board positions or the end two con notes. Because they can end the notes without joining the board and vice versa.

The two points of difference that are publicly known are:
1. Cost cutting (subject to seeing the books)
2. RBS (subject to seeing the Novus mandate).

So no assurance of either. And cost cutting was trivial amount which I'm sure GGP could do with/without IG.

I didn't see the final figues on commonaussies (complex lol) survey but at one point it looked clear their was doubt in peoples mind about the ability to secure funding.

Im not crticising IG at all. I'd say they probably tried looking at the books and weren't allowed. They probably asked for the Novus term sheet. So hands are tied somewhat. But they can't make promises without some amount of certainty.