Muga Project up-date, page-6

Why would the BOD try to pressure the Spanish bureaucracy when they know that they will probably be taken over shortly after approvals. While it is in this stage they can use shareholders money to pay for their houses, airline tickets, flashy food, company cars and shiny suits and if the money runs out; "oh we'll just raise some more from the shareholders." They don't have to look for a new job or worry about the next meal, it's all paid for.

I didn't know HFR was so tied up with EMR but the rest of us shareholders still own 64%. This could be handy come the AGM and re-election time; then we can show them what we think of it so far.