oex, page-14

Where does Magna stand in all this, what's their position going forward? They must be really peeved - sinking those $4 million into what has turned out for them to be an investment blooper. Having the SP back at their buy-in price. I wouldn't be surprised if they moved to take a directorship at the AGM and then make a move on the CEO position by years end, when planning decisions for 78H is hopefully being finalised. They would then be in a position to better defend their stake in OEX. Or just a straight TO at 5c - a 25% margin on the then SP.