Ann: Target's Statement - Off-Market Bid, page-7

I think the directors know exactly why all three listed entities are suspended from trading. I'm sure that everyone here knows as well. I find it very frustrating that we have to play this game of charades when it's clear to everyone what's really going on.

I'm also very disappointed that JBL managed to convince the "Independent Expert" that the offer is now both "fair" and reasonable. Was it just the increased consideration - 1.5 x turds instead of 1 x turd? Did Jody persuade the "Independent expert" in a way that Kevin Mischewski couldn't? Have the existing directors colluded with the independent expert to work out a way to make the turd of an offer both "fair" and reasonable?

I think everyone needs to ask themselves exactly how "independent" an "independent expert" can be in this situation. Who is paying for these reports? Obviously it's our shareholder funds paying for it, but from Leadenhall's perspective it's the company.