Its the Farooq Khan playbook, now with Nick Bolton as well. Get a large shareholding, get a Board seat, take more Board fees and access the cash and shore it up to buy into one of his other companies.
All cross shareholdings, plenty of Board seats and hence fees.
Am not in YOW for now, but watch out. This is a cash marauding strategy. That said the previous Board and management stuffed this around for so long it had to happen.
Ann: Change in substantial holding from HHY, page-10
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