yes vote, page-51

Mr Posh

Tpt cannot terminate the deal ( without ASIC consent)- it must remain open for the statutory term.

However , despite new directors being ready to go ( if the rumours are correct) they will take their merry time to reconvene the board . The practical result is that to meet the debt deadline Jka will have no choice but to raise alternative funds triggering a "prescribed event" terminating the deal . So unless 90% accept in the next few weeks - very unlikely - the deal is all but dead.

The Tpt deal and the free option with Cap Juby is a pipe dream- the only issue now is the merits of the alternative deals they are looking at in line with the various options you have outlined in your previous posts.

Regards