board and staff still at loggerheads, page-17

Hi, yuhannl, you seem to have lots of knowledge on this stuff- keep up the posts, please. The INQ threads are enjoyable, even if I did rouse on jatter- I probably shouldn't have. :)

This article has some more info re the broking and FUM deal:

http://www.smh.com.au/business/wilson-takes-on-investorfirst-to-form-powerhouse-20121218-2bl2z.html

I note this:

"Under the deal, Wilson has agreed to transfer at least $200 million over two years of funds under management from its antiquated in-house platform to HUB24."

So, $1.4b "over time", with $200m over two years. If it's $200m over two years, dunno how long it would take to transfer the rest of the $1.2b.

WIG went up again on Friday- market says it is good for them. The market is not happy for INQ.

INQ bought out HUB all that time ago in an all-scrip offer, but the share price has fallen so low, that there isn't much benefit now for the HUB guys. I wonder if they think about buying it back and privatising the company? They could use the cash in INQ- at least $10m left in at the end of this quarter could be used. That's what I would do if I were them.

It seems there is a protest vote for the upcoming deal. not only nil premium now, but a negative return for INQ holders. WIG supporters could buy up some INQ shares to try to get the deal over the line, but if INQ people are not happy, the sells will just challenge the buys. Something has to give: the pre-consolidation price would now be a bit over .009, and cash was raised @ 1.5c.