the total gandel takeover, page-3

Scenario 2

Ian Gandel, through Abbotsleigh, takes up 100% of Abbotsleigh's Entitlement, all other Eligible Shareholders take up 50% of their Entitlement.....

Note 2: If Ian Gandel acquires Shares prior to the Record Date or rights under the Rights Issue pursuant to the 3%
Creep Exception, the maximum number of Shares that he may acquire pursuant to the Rights Issue under this
scenario is 116,656,925 which would bring his total to 269,235,039 Shares or voting power of 33.1%.
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fifty percent could be optimistic and anything lower would give Gandel to much control. Also would make it easier to pull the same trick again further down the track.

Have you got some cunning plan to get 50% or more of all other shareholders to take up their entitlement?

Robert