I suspect that Ray has known for some time he is not well. Keeping this in mind I suspect that he would have left very clear instructions on what he wanted done.
With this in mind it will be interesting to see who is now the new MD, I suspect Richard Catelan.
The question will be will Ray's family want to continue this battle with the shareholders or realise that everyone can win and share the benefit.
I beleive that a winding up of the company is the best possible solution for all.
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