Should we start buying stock, page-41

how many shares do TODD need to do anything?
how much do TODD have currently invested?
how long do you think they can wait if the bid goes no where and they are stranded?
how long can you wait until TODD have rail up 2-3 years?
are TODD dependant on PIOP to secure infrastructure funding?

these questions need to be revisited, that TODD do not want to pay more today does not mean they wont at some future point, I accepted AO comments and have not listed awaiting a different outcome or alternatively will
sell and trade out the loss next year, that is the real opportunity wait or trade out.

almost certainly TODD have provided an offer that suits their needs and is not in any way considerate of the value of PIOP that is well qualified by the prior offer for rights over PIOP and royalty payment , that fell through not just because of the vote but largely I believe as a result of no confidence in the board or the integrity of the offer
really all this gets down to is wether you wait and risk being stranded not to mention the real threat of a total loss or you accept because you want a resolution releasing you from the stench that surrounds this whole affair from our Boards activity or lack thereof and TODDs opportunistic offer that has created an atmosphere of suspected collusion , leaving shareholders with , well nothing but a tax loss in most cases that the people of Australia are in reality paying for, must say this is sadly only one of a number of disgraceful events I have observed and Board Directors never seem to lose their shirt but some of us certainly have