Moelis & Co and fund managers looking at MCS

As per yesterdays Street Talk and discussions in the industry, meetings are being had as we speak between Moelis & Co and fund managers coming on board and obviously the attractive return of approx. 15% is appealing.

Should fund managers come on board, MCS will not de-list in Oct/Nov. Regardless, the current recap plan can not go any further until a shareholder vote, which now will be pushed out till at least Sept, with the delay in getting the long form docs completed over the last month.

With that being the case as above and again what was reported yesterday in the AFR, I will look to buy as many as I can between 2.1c-2.5c and then wait for the upside.