Because FML is now majority holder - 66% since the last notice,...

Because FML is now majority holder - 66% since the last notice, and when they convert their con notes it will take them to the over 80% holder mark. Now Stone group as holders for the rest of the CRE shares may get frozen out in limbo.

FML can make CRE delist due to insufficient shares. Stones CRE holding will be a subsidary of FML,unable to do much with the company, and will be squealing, and will either have to work with FML, i.e get the original FML 1:18 offer (that is if FML management are still benevolent), or Stone take a big loss of which they deserve if they continue their back door sneaky methods.

Just go and have a read of the squealing shareholders of Iberian - IBR, before they were delisted In 2008 on Tamayas application, due to insufficeint shares and as a going concern. CRE and therefore Stone will probably suffer the same fate.