Why do anything. If they are concerned than raise 500m via a...

Why do anything. If they are concerned than raise 500m via a transfer of the only asset that has real value Sydney airport to another vehicle with no MQG running it and park 500m in that by way of rights issue in that to deal with problem. Pay MQG a fee for doing that of say 85m and leave the other Map as is and pay MQG to run it as before until they can unwind the situation on rollover of debt. After all as I understand if MQG other funds hold substantial stakes in Copenhagen and Brussels anyway. PS move most of excess cash out as well from Map but dont trash them. The Sydney listing will fly because thats what everyone wants internalise management to sydney airport unit and subcontract to MQG to run the others.

However even if MQG agree to share cost of increased funding it could be significantly higher than 345m. Read the letter from the shareholder it is totally risky to do this deal and MQG are only prepared to shoulder portion of risk for 6 months and limited to their 345m. This was a way for them to book 345m profit for half year. Poorly thought out , we take the risk they take the money.

The Non Executives should all stand for re-election and if the Insto's truly thought that they should safeguard the clients assets they would fire them.

Shocking litany of short sighted greed and avarice IMO. The fact that from day one most commentators have slammed this deal yet the directors just keep on telling the same outdated spin. There is no way they really appear independent. Each time another concession comes about , how did you get this far and yet each week MQG has to give way a bit more. By the way I cannot be sure but for last years vote I seem to remember doing it electronically this year computershare tell me you cannot do it electronically only by fax or mail. Interesting isnt it. Or am I wrong. In fact I just checked - YES last October special meeting you could lodge via online lodgement. Its really interesting that this year you cannot. Maybe its to hopefully avoid overseas votes. This is such hypocrisy - once you have used online lodgement you should be forced to continue another reason for me to feel that these guys are not independent.

I will vote against each so called non executive and independent director in future and remind everyone that they were here at this juncture when voting.