shareholders should demand firb 51% cap, page-2

Thank you for this brilliant post, FnF; it takes up the key problem with the current offer.

I have written to Don Taig asking how the Board plans to deal with this issue of 51% ownership by Shandong and the incredible risks it opens for the company (and its other shareholders) but have had no reply.

I would really appreciate anyone with appropriate legal and/or political expertise advising us on whether this approach is permissible under FIRN legislation. if it is, then I am sure we should be lobbying our politicians to put pressure on the FIRB to make such a determination.

I find it hard to believe that a Board could place the company and it shareholders at such risk without a legally binding requirement such as this. I too await the statement from the Board to tell us how they are dealing with this major risk. if they have not thought about it and/or do not have a robust solution to deal with the risk, then they should not be directors of a public company.