What you are saying ewere, is very similar to what I have told a...

What you are saying ewere, is very similar to what I have told a few others, it is the voting power IMHO, what I am thinking is that MOD held a large enough parcel at one stage to prevent any full takeover if he wanted, What would be the percentage they would allow of a compulsory buyout of all shares? 80% acceptance, if there was a take over offer? I think he has basically said in not so many words is that he can no longer prevent a take over, and it would be up to the shareholders to decide on any outcome!

That's my thinking on it anyway, but I may be wrong? won't be the first time!