Read the following article in West Business re ERM clears decks...

Read the following article in West Business re ERM clears decks to expand Empire:
http://hotcopper.com.au/attachments...9/?temp_hash=9ee68e86bc489babf43770729fdce432

Pay attention to what is been stated re ERM will lend Empire the required cash on an interest-free basis but at the same time commit $7.5 million for a share of a subsequent $10 million rights issue.

Combined, it will take ERM's stake in Empire from about 10 per cent to 19.9 per cent, the takeover threshold.

Now tell me if wrong or right, the way I am reading this is if ERM has a increase from 10 per cent to 19.9 per cent that would put ERM in a position to takeover Empire as the 19.9 per cent is the takeover threshold!

Is it ERM's intention to takeover Empire and what position does that put us shareholders in, is this good thing or a bad thing?

Good luck to all shareholders!

Cat