Phantom,Thanks. I thought that was what you were doing. It is...

Phantom,

Thanks. I thought that was what you were doing. It is incorrect analysis imo. You are not accounting for WEG's dilution from the GNR and Dato issue. You are not accounting for the dilution of the Dato issue by GNR (they hold 13.6% pre GNR because the GNR issue is not yet approved). It is also not clear that GNR's expanded capital base calculation will include the Dato issue as well (ie 19.9% after Dato, given that the Dato issue was announced post the GNR issue). Leaving aside the fact that there is no evidence of collusion, they do not have 50% and they do not have control.

It’s a simple issue to start with the 197.7m shares, add on the WEG, Dato and GNR issues and calculate their respective holdings as a percentage of the new combined total.

As I see it, there is also a proposed existing holder placement that will further dilute Dato and GNR, but not WEG (assuming they participate).

Cheers
Bleasby