IMO, Hugh, Winton and Kevin, all want shares instead of cash... they wouldn't have recommended it if that was the case.
Winton hasn't had any shares so that he can exercise his judgement as an independent chairman, in line with ASX Principles and Recommendations. This though, changes that outcome as the Company is trying to buy time in the negotiation process, which we know has started.
Kevin is in Africa at the moment, he left Saturday.
Consolidation could have waited a bit longer, as I've seen registry's with much larger volumes, however, considering the timing of where we are at in the negotiation process, I think there is a bigger reason or preference by someone for this to happen. Just a feeling.
In regards to KJ leading the healm... I would prefer it this way, don't want to be paying a CEO several hundred thousand, as well as paying kevin, being so close to the end game. My understanding is that KJ and Bristow are quite fond of each other, and if that relationship is sound, well I think its a 'you scratch mine il scratch yours' scenario... scratching each others back that is... who you know can go further than what you know in life. I understand the frustration here, but I think this is where we need to give our patience the most, and I get that we have already been patient, ive been around as long as most but... the strategy is evolving and we are changing tune.
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