Maybe I am just a simple soul. I would think that ANZ wants to...

Maybe I am just a simple soul. I would think that ANZ wants to maximise the value in their holding in BUL. If this is the case then why would they take action that may cruel the SP.

Not being privy to the machinations at the board level nor expressions of interest in taking a position in BUL I am ignorant of what is behind the actions by ANZ et al.

Obviously something obnoxious has caused the demand that board members resign. Are they doing this by themselves?

Have they had an offer from a party for their holding that is being blocked by some on the board? Is this because a takeover may be in the wings? Is BUL worth more in pieces than as a whole?

I don't know but I certainly feel I should; even though my holding is less than ANZ's!