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the bhushan/bowen directors (who are supposed to be bowen directors) have personally attacked kevin nichol. o.k. so i don't know for what reason nichol left as md. but in the light of what's happenned since he's been gone perhaps a review of what's going on is needed. according to what bhushan has just put in their (read bowen directors) report. when nichol left he had in place a deal that could be enforced that would make it obligatory for bhushan to pay 32 million dollars to bowen. somehow someone started attacking nichols and this gathered momentum and nichol resigned. then nichol's agreements where bhushan had to pay 32 million was torn down, not by bhushan mind you, but by the bowen directors (read bhushan reps.)being led by bhushan. then the farrell fellow attacked these resolutions at a meeting that had the resolutions passed bhushan would have had to contribute 32 million. the bhushan/bowen directors agreed with farrell and the resolutions were deferred. then the directors fiddled with the agreements until bhushan owes nothing to bowen but now lends bowen money so that it has total (or seemingly so) control over bowen for the benefit of bhushan steel and the devil take the bowen shareholders. so the directors of bowen are not acting for the all shareholders equally. now bowen directors (bhushan) want to take their buy price down to --what-- 16c---8c??? and are doing this via their control of the board. the only way they could have accomplished this near miraculous takeover was by getting rid of nichol. when nichol left the share price was around 20c. had nichol been on the board and still running the company bhushan would have been forced to pay the 32 million, and bowen shares would now be very much higher than they are now. to me the bhushan plan is to take complete control of bowen for zero value to the shareholders. bhushan says they exercised options to help bowen but by execising options they are actually gaining control of bowen at no cost to themselves because they control bowen. all this will be far too confusing for those selling bowen shares at 8c . There certainly will be fun and games at the forth coming meeting, if it gets that far, these bhushan guys are going to be asked some very explicit questions, one of them being why they, as bowen directors, acting in the interests of all bowen shareholders, threw 32 million dollars out the window for the benefit of bhushan steel and the total detriment of bowen shareholders.