Trippa99, Total BS! "How about bring it back out of VA given the...

Trippa99,

Total BS!

"How about bring it back out of VA given the only reason it is in VA is due to Murdoch and Gordon forcing directors hand by taking away access to funds that were available."

No, under corporate law once VA is called in TEN is out of board and holders hands... up to VA & creditors to sort out debt problems. The biggest creditor is CBS so they get the biggest say. If Murdoch & Gordon are smart (which they are not), they shouldn't have done that knowing CBS is the biggest creditor.

"If not for the letter they sent threatening the ceo, there was no other reason for it to be in VA so we are talking about shareholders losing all value due to a deliberate act to enable a takeover for next to nothing."

Murdoch & Gordon want TEN board to work in their best interest. IMHO TEN board must be very angry and cannot work independently. TEN paid too much for News Corp programmes and who's pushing them to pay so much? Now CBS is offering News Corp something like $11m for $200m worth of shows. In the future CBS may even terminate News Corp shows if price is not right.

"If they manage to get it, they will probably dress it up and on-sell back to the public for over $1 billion (AKA Channel 9) and will have lots of tax offsets to not pay a cent of tax on the gain.  They will talk about how it has been fixed when it is merely a case of it no longer getting hacked to pieces."

Possibly, not sure about that. CBS has so many shows. They may want to use TEN as CBS Australia Incorporated to venting their shows.

"Ten group is a very attractive asset and CBS/Murdoch-Gordon are effectively getting it for free and I dont think it matters which one gets it as they are working in unison to screw us and pretending they are competitors trying to save the company (give me a break)."

CBS probably picked up TEN very cheap and thanks to Gordon & Murdoch. Gordon & Murdoch lost a lot of money in TEN shares. Further, in the future News Corp will struggle to venting their shows to TEN at over-inflated prices with CBS controlling TEN.

"Some here may not realise but owner/controller of CBS is older brother of Bruce Gordon."

Completely, false. Bruce S Gordon of CBS is born in poor area Cameden NJ and he is African American. He achieved well and educated in MIT business school. Bruce S Gordon of CBS is much younger than Bruce Gordon (Caucasian Australian) of WIN (you got wrong way around). IMHO they have absolutely no relation like John Smith (very common name). If they are from same parents (one African American, one Caucasian Australian) why would their parents called both sons the same name? You just make up a story.