The business has been turned around but you still have the overhang of the director related loans and macquarie bank
Mac bank must be happy as it profitable again
Current board accuse offeree of trying to cause damage as it is its largest competitor.
Trouble is terms of loan conversion under current proposal blows existing shareholders out of the water
Given turn around shouldnt shareholders/directors be seeking a better deal on debt conversions.
another offer, page-5
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