ERM have no control over MEL only a strategic holding. I dont think anyone really wants MEL to go and spend the money in the US. However MEL management have faced their own board challenges and won. ERM did not lead the charge - who knows what can be done but I would expect that ERM would have discussed EGO with MEL management.
I dont think anyone will make any real moves in MEL until after the court gives its ruling.
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held
EPW Price at posting:
$2.09 Sentiment: None Disclosure: Held
