'no mgt or business presence in...

'no mgt or business presence in Aust,"
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If they take over the company they will

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L/B has no mgt or business presence in Aust - now.

and just because they might buy all the shares in Aust, does not mean that all the mgt experience will want to stay and work for L/B. And if all the experienced WCL mgt walk, then maybe a WCL wholly owned by the Chinese simply then won't have a business either?

Given that this is a Hostile bid, then L/B most certainly will not have the ability to try and "handcuff" the current mgt of WCL.

And from what I hear, L/B is run by the Owner. He has been doing all the negotiating.

So how many posters here can envisage the difference between working for a public, and open workplace, to that of working for a private, probably undemocratic workplace, with foreign ideas, different culture and work practices?

Totally different.

No WCL Mgt= no business imo.

L/B is going to have to turn this hostile bid, into a negotiated takeover.
The first thing that needs to happen is a fair and reasonable Offer.

cheers

PS - the $20m odd cash which WCL has on hand, cannot be used to fund any part of the L/B bid.

cheers