karedis getting out, page-24

Very good analysis of viewpoints.Karedis is selling and obviously for tax purposes - no margin call.He could also be selling if he thinks the baks will take control and he can get his tax losses straight away?The dumping of shares could also still be Karedis waiting for the buyers to build then dump say 3.75 million each time - sell at any price.This will leave three holders interested in a takeover Laundy,Hedley and Iris.

Looking at each one to takeover Iris is out as they recently instigated a summons for moneys.

Hedley was going to give an extra $3.8 million but could have run out of money.Has his hands full with HLG.

This leaves Laundy who already has board places and knows the figures.Laundy looks to me the most likely.The MD Jolliffe came from GSL which was Laundy owned so could be working in with a Laundy takeover.If Laundy takes over Hedley would also be happy as he would still receive his money for the leased properties.

DYOR