With respect, my comment is exactly true. RMS cannot appropriate...

With respect, my comment is exactly true. RMS cannot appropriate the cash and utilise it as they wish unless and until they get to 100% ownership.

I agree with the accounting rules re preparing consolidated accounts. I also agree with RMS gaining control at 50.1%. But unless they can move to 90% and compulsory acquisition, they are stuck. The cash stays with BRB and there are a whole bunch of Corporations Law protections to inhibit a controlling shareholder from then oppressing minorities. It gets very complicated if they bec9me marooned at 80 something % acceptance.

Given Tom Saunders stance, at the moment that is the most likely position that RMS is now facing (stuck somewhere in the 80% ownership area). They need to find a way to get him onboard.