dilemma, page-8

By close of trading "only" approx. 25.5 million shares sold + notification that AGK at open had the holdings that AJL & BNB previously had (79 million shares or 19.8%). So I take it they now have around 105 million shares (or 26%) of SGL's ordinary 402,543,433 shares. This makes them major shareholders as of now, for sure, but they need >90% to effect the full takeover - a long way to go yet.

I wonder what the situation would be for SGL if they can't get to 50%? As majority shareholder and majority board members, wouldn't they have to run the company in the best interests of the remaining shareholders? Would that be a better result?

http://www.aussiestockforums.com/forums/showthread.php?t=1963&page=8