Ann: Northern Star makes $150M offer for 49% stake in EKJV, page-34

Thanks for your best wishes.

You might think it’s beneficial to NST but there is a massive value gap and it’s either justifified or isn’t.

Considering the circumstances the truth is somewhere in between which has real implications for the value of NST. As I said Anton has the power to use the Federal court to get the takeover panels orders judicially reviewed. The federal court is appealable to the full court of the federal court and then the high court so in theory he has the power to fight this for a very long time. He has already got the takeover panel to consider its own review and the previous orders have been stayed while the panel decides if it will form a new panel to hear the application.

NST say in their announcement

“Northern Star encourages the Tribune and Rand Boards to take independent legal and technical advice and put the proposed transactions to their shareholders for consideration.”

How would/does the NST board know that the Tribune and Rand boards aren’t getting independent legal advice? This is a completely bizarre statement in the context of what is happening here. How is anyone in NST privy to what is happening at board level in RND/TBR or know what legal advice they are taking or seeking and even if they did know this is a completely bizarre statement for a public company to make about another public company in a public announcement.

If I was to give the RND/TBR board a suggestion it would be get the best queens council (SC) you can find, pay them whatever they ask for and blow the lid on the takeover panel and the actions of ASIC in the federal court and don’t stop until the whole sick system is fixed up. And while you are at it buy one share in NST and then go at them like wolves at a gate to explain how their own company is controlled. Pick their structure apart and lift the veil on who actually pulls the strings. NST is 60% owned and controlled under three nominee accounts belonging to foreign banks. Who are the faces behind these accounts and how do they control NST, who do they lend shares to and how do they skirt Australian takeover laws. There is a face to the related party nominee accounts in the case of RND and TBR so the Australian tall poppy syndrome can swing in and has been mobilised into full force here. What a compete disgrace. Why don’t we man up as a nation and ask the same questions of the US banksters that run our show over here. Who are you, show us how you control NST. Esh