With a new Australian investor on the books (KBC), things must be coming to the pointy end of the stick.
The big question- Is KBC friendly with BEL, i.e do they have the same aims?
Do they both want to get their hands on the 60 odd million aud?
If so, then I feel we maybe about to have a extraordinary meeting called by BEL (20%) and the new 5% shareholder KBC.
I am predicting that they call for a shake up of the board, which will see present directors Ross and Smith give way to 1 further appointee from Bel and 1 from KBC .
Should KBC and BEL choose to work together this will give them the majority on the BOD and they will seek to fold the company, or at least leave a shell and return most cash back to shareholders.
I hope so as I am looking for resolution to this saga.
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