I reckon that there is enough evidence for the institutions to say that the board no longer represents the interests of shareholders.
As they have sold Bristol. The only other pre emptive rights would be Copenhagen and Brussels - who cares I am sure with 345M rights issue they can weather that storm the vote should be to fire MQG and do a rights issue for 345M to weather any issues with banks.
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- great value here and all ready to go
great value here and all ready to go, page-10
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