ci to appoint their choice of directors

As noted in the recapitalisation proposal:

"As a part of the completetion of the recap. the BBI boards will be refreshed, including by the appointmant of additional BBI directors by the Cornerstone Investor commensurate with its securityholding, and in addition by the appointment of another non-executive BBI director."

This has to be a plus for the new company as the wording is "commensurate with its securityholding" for the CI, and therefore very much doubt if the current "charlies" would be allowed to blunder along as they have in the past.

This part definitely has a good look, and I expect would drive the new company in the right direction for the first three to five years.