Ann: Request for voluntary suspension , page-4

Any listed company can only have 5 days of suspension per annum before it makes a real difference to the disclosure issues forced on them by the asx relating to capital raisings. More than 5 days and life gets harder.
Tigers will be well over the 5 days ( it is on 5 now) before the Takeovers panel makes a determination. This is going to complicate matters significantly.

I suspect the company will need to complete a prospectus and seek shareholder approval for any major change.
I think that there will be some people at Tigers that will not be there at the end of this process or will will shortly when the dust settles.

This whole issue is a huge management failure.
I bet Mr Gray is going to hold some people to account.

It comes down to disclosures and governance.