focus intentions for cre

Seems to be a lot of misguided comments being floated about how Focus could bleed CRE out via asset transfers, consulting fees, linked contracts, etc.

The reality is that with a 10%+ hostile minority shareholder, every transaction CRE makes is going to come under intense scrutiny and if there is even a hint of a direct benefit flowing to FML, litigation will no doubt follow.

CRE, whether it be an integral part of FML, or an associate company, has got to be a success for FML because it will make up a component of how FML is valued.

The best value can obviously be obtained if CRE becomes part of FML, and it is now a question of can FML achieve this in a straight forward commercial way.

I think that FML has plenty of manoeuvre room to achieve a commercial integrated outcome without having to resort to shonky practices.