fgl takeover srp, page-9

Ballard has 2 million options are out of the money and the non executive director who is holding out for more has 500 srp shares.

FGL should can its bid and let these two recalicitrant " BRAND DESTROYERS" be left holding the srp dog.

ITS HAS DONE NOTHING TO ENHASE THE FGL SHARE PRICE.

+SRP has MAJOR problems with the wine glut and its lack of focus on markets under Oatley. FGL should keep the Oatley stake and let the SRP dog tank - then in 6 months sweep in with a low offer at the true value of SRP.

For Ballard and the Non exec director to hold out when the two major shareholders have agreed to sell - which will see FGL with 50% alone against the rest of the board is destructive and NOT IN THE BEST INTEREST OF SRP shareholders.

singas