'McCrory, who did not attend the Rolls Building hearing this morning, still has an option which permits him to buy back 39 per cent of the shares in Seebeck for a nominal fee, if he wishes.'
Hmmm, this is a little bit worrying, wonder how long this option lasts as taking note of Jed's previous actions I would be very concerned that he would seek to exercise this if Power makes a success of things and Jed's seems a value to the club!
Alternatively transfer the club away from Seebeck ASAP!
I shouldn't worry to much wrt the 40% option regardless of how much it costs Jed. As power has a controlling interest and the final say on matters all he has to do us invite other investors in and issue more shares to cover their investment. Jed will have the option to also invest.....assuming he has the funds to do so. If not then his shareholding gets even more diluted making him even more impotent than he currently is. He's a creature of habit. When the fuss dies down irrespective of any further court proceedings just disappear into the ether. He had his chance, played a crap hand at the poker table bluffing all the way and is now a busted flush.
Roarrrrrrrrrrr, my arse.
