This mornings press release states that Manish Gupta has rejoined Legend's board as he has been appointed Director of IFFCO's Strategy and Joint Ventures.

We haven't heard much from Legends investor, IFFCO, in some time. I wonder if this latest news is not an indication that IFFCO is increasing their involvement/control in the company as a first effort to bid on the assets that Nomura is brokering for the company.

The next month or two will be very telling ... ... and hopefully very profitable!

12/21 Legend International Holdings, Inc. (OTCBB:LGDI) is pleased to announce that Mr. Manish Gupta has rejoined the Board of Directors of the Company following his appointment as a Director of Indian Farmers Fertilizer Cooperative Limited responsible for Strategy and Joint Ventures