Gelxi in your calculations did you include the 2 for 5 rights...

Gelxi in your calculations did you include the 2 for 5 rights issue that I would have thought Magna would also have been entitled to.

As a shareholder I am not too sure how to take this increase holding of Magna . I am going to write to the board and I think every shareholder should too and ask the following qustions:

1) Does the board know and if not when will they ask Magna what are their Short, medium and long term purpose with this large share holding. I believe the board should be making a statement on this so that we can make a decision on whether to retain our shares.
2) Way didn't the press release today also comment on the progress of the Ball Mill . Because I think it would have had a positive impact on the share price today.
3) What are the boards intentions , how much of the rights issue did each board member take up . Plus did any of them apply for more then their entitlement .once again I believe each board member should have taken up their entitlement and some. The amount of take up reflect their belief in the company .

Good luck to all CCU shareholders , I hope my concerns are for nothing . But now on reflection of what has happened over the last month or so I am woundering if the previous CEO was used as a scape goat for the boards overall deficiencies . The new CEO and Chairman should be making a statement on all of the above next week. If all shareholders write to the board asking either these questions or their own , this may force the above to come out with a statement.