Inside speculation say he does have a lending facility, which means that bookies actually own 20 something percent , which means he has mislead the market , which means he has to go. If the bookies do in fact own the share then you cant exactly call them committed shareholders, which means they'll probably be lining up to sell. Even if he hasnt given the shares as security, have a 15M debt with a bookie is pretty high interest, it most likely means he has substantially higher debts elsewhere. You cant have a chairmen with a gambling addiction , it simply isn't a sustainable position , so he has to go , its then a matter if the business can be saved .
MEA Price at posting:
42.5¢ Sentiment: None Disclosure: Not Held