40 you have set teddy straight, this is a fair value - daleg...

40 you have set teddy straight, this is a fair value - daleg bear in mind 4.8 now is better than waiting 2 years to get a little more.

This is quite a delicious situation ..just when these directors thought they had interred the charred carcass of AYT (and after earlier attempts by then to internalise nito BABL) along comes Gabriel and Sir Ron with only a week to spare.

INE know full well that investors will jump at the chance to cash out and AYT directors don't have much of a leg to stand on to increase value. And if they called for independent value, it just gives more time in market for INE to buy more. :)

I hinted on the INE thread at legal means as weapon that INE will be using to extract value, because currently these asset raid looks its only a dollar for a dollar and that's not what they work at.

It appears like they will work over borrowers of the MIS loans, about which there is not firm detail on their nature - "junior" "subordinated" but also "secured over woodlots". INE will be focussed on going hard, & which could suit the Bank that its not them coming down heavy on the borrowers.

IMO BABL appeared to take the soft road with these loans. INE may also push this line once they take control - possible legal threats back upon the manager ( & back to the Bank) and also the independent directors. And again would be another reason why investors will sell - because they know that BABL and manager may not press harder to get over 5.5c, and besides defending this will only diminish that with lawyers fees!

Very interesting news coming in months ahead - all entertainment but no retail investor angle other than switching into INE??