Sorry AFD I should have been clearer. My guessing is more along the lines that he wants to exit the investment at a reasonable price, therefore he increases his board representation and gains control. With control the entire company can then be sold and he gets a reasonable price, obviously all speculation on my part.
We recently saw Thorney (ie. The Pratt Family) lose patience, perhaps Scanlon is in a similar boat??
I think with Bill to Bill it simply didn't belong in Astra, the natural owner is Oncard, far more synergies, hence the sale.
Good luck to you to.
TFL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
