Simple answer, it can't Camrow. The largest shareholders seem to...

Simple answer, it can't Camrow. The largest shareholders seem to be counting on ASIC intervening which I think is a huge gamble and if I was a larger shareholder I am not sure I would be putting all of my faith in ASIC. There is way too much to lose here. I would be appointing a lawyer and getting some guidance.

The other thing to point out is the major shareholders as far as I know are not objecting to their shares being purchased through a compulsory acquisition process (in fact I think many would welcome the opportunity). They are objecting to the price they are being offered and the validity of the Independent Expert Report (IER). There is a sense that by lodging an objection notice they are ultimately killing the compulsory acquisition process which they feel is not ultimately in their best interests.

In an ideal world ASIC will pull this independent expert report. Unfortunately we don't live in a perfect world.