wilson htm, page-12

Interested parties can't vote, but I'm talking about general votes - chances of Curly not being reelected are zero and DLS will have control of the board with their 40% as DLS CAN vote on those. They can also vote to call an extraordinary meeting to oust most/all of the board and replace them with DLS nominees with the assurance that they will be successful.

Here's a question for someone with a better memory than me - let's say this bid closes with DLS holding 41.5 - 49.9% (or more but they may settle for control once they break 50%). How long until they can make another T/O offer? I'm not talking about the 3% creep, but another offer.

From here it would be easy, once the offer closes, for them to pick up stock on any SP weakness and creep over the 50%, or even, if they hold 47% at the close to just buy on market (although I think there's a restriction there too!?!) (My question relates to a potential scrip bid for minorities some time down the track.)

TR