spins off non coal projects, page-5

ok...i've been patient for 6 hrs lol

what is happening mr nichol?

fair enough, lets structure bwn as a pure coal play and spin off the non-coal assets but what will shareholders recieve in return for spinning off their assets?

we know that you or your fellow board members will get the opportunity of sitting on the board of a 2nd company and thus doubling your income from assets that you currently direct but will this be at the expense of current bwn shareholders who currently own these assets?

a priorty allocation cerainly isn't sufficient compensation and bwn retaining a % of the new company isn't sufficiet compensation either.

so get in the real world and inform us what the detail is....because most of us like to be fully informed.

here's a clue....IN SPECIE!

p.s....how did you determine that the market hasn't attributed any value to the non-coal assets and does this mean that you can give them away at the expense of shareholders that own them?

i will be patient for 15hrs.

cheers