Worked value split of Gandel scheme, page-28

I was being a bit flippant there, I suppose, about the comment regarding ALK. I guess there are external reasons for the things that have happened to AGS, GIP & ORS outside the control of management.

Nonetheless, Abbotsleigh is the number one shareholder in ALK as well as AGS, ORS & GIP (GIP has had a code change to AR1). Abbotsleigh is Gandel's vehicle.

Last time I looked, Gandel was on the board of ALK along with most of AGS's management. Namely, Dunlop & Lethlean. You will also find many of the same names cropping up in some capacity throughout those four companies.