for ralphi - prefs scheme, page-4

G'Day Mac B,

I am also comming around to this view, there has to be a logical follow-up by the primary blocking party without this they have a made $70M investment that will hurt themselves.

Some good info on the News website also

http://finance.news.com.au/common/story_page/0,4057,8468536%255E521,00.html

http://finance.news.com.au/common/story_page/0,4057,8470653%255E462,00.html

Running the numbers quickly for $1.1B you get to deduct the AEO holding, and theme parks and get left with entertainment assets and film libary at a lot lower multiple than comparable US market stocks.

I hope it panns out well for us both, I am still mostly in the VRLPA's but also have some VRL...