over and out, page-5

Everyone would need to be treated evenly.

Ig BPT end up with the 19.9% maximum and it fails they can either sell or up it then. Their choice.

Mick I am not saying it won;t happen , just the likelihood IMO is now low and the leverage for where I have gone vs the the upside of another offer.. If its at above 10c and soon I will cry. If its around 9c to be honest no big deal especially if you have to wait til April.

20% stake is not enough to block.

At this stage BPT hold effectively their original 5% + 24% for the directors = 29% They need 75% acceptance. VPE hold 10%. Do the maths.