Scott if he is prepared to put a plan up and unite shareholders...

Scott if he is prepared to put a plan up and unite shareholders has a lot more force and potential power than most would realise.

It appears that just under $1 billion is the debt attached to Stella. It can obiviously service this or otherwise CV would not taken business on.

Balance of assets require prudent work out not a fire sale.

If Scott has ability to put in funds to get rid of immediate debt and unwind Stella sale it would be the best thing possible for shareholders as it appears to be the golden egg.

Only way to save value in FUM is to bring in third party partner and this is where the potential haircut could take place as a retail investor in Fund if their funds were rolled would only have value if he was retained.

ie structure price basedon funds retained.

The longer the NZ fund is allowed to firesale assets and then put hand out to recover loans from MFS the deeper that hole would be. MFS needs to go to the core asset and try to do a work out to maximise returns.

If Stella was such a large portion revenue and profit why would it be sold.

I hope shareholders unite and stand behind fresh board who are prepared to fight for shareholder value and not protect their own behinds.