Ann: MVT: Bidders Statement - Off-market bid for YBR, page-14

Sir Ron is a very shrewd operator. It maybe a low ball offer, but he wouldn't have made the offer without NEC on side. YBR is ripe for picking, strip the balance sheet and claim the tax losses.

YBR is extremely vulnerable with the down turn in lending, cost of compliance increasing, ASIC review of no fee for service, pending court case with Resi homeloan founder, debt facility yet to be renegotiated and calls for trail commissions to be axed. Operationally, YBR is struggling to retain key executives and personnel. The going concern of existing businesses model is questionable.

I doubt Sir Ron mixes business with personal matters, but I'd like to think he too is sick to death of Bouris profiteering off his old mate Kerry Packer. I'm sure if KP was alive today, there's no way he'd allow MB to use his story to cream the public speaking circuit. It's time for a new chapter to be written.