Ann: Response to article in Australian Financial , page-3

re: Ann: BEC: Response to article in Australi... Hi Roquref, MCX is actually bigger than BEC on a market cap basis, so around 65% will cost us $2m. you'd normally assume a large discount from a liquidator, but i think MCX will have to make a takeover for BEC given that MCX goes above 20%.

Either way, looks like MCX is doing what it said it would, pick up distressed assets on the cheap. Thumbs up from me.