tui reserves upgrade being considered, page-45

Sigh. More babysitting.

51% may control the board, but you need 100% to get DIRECT access to the cash. No-one will want to take over PPP just to get to 51%. For it to be worth their while and to use the PPP cash to part fund the takeover, it must be a full takeover or not at all.

T&T hold a blocking stake for another player to get to 100%. You must have them on board to effect a full takeover.

Someone may indeed come along and try to get to 51%, but they would need to do so with their own money and not the PPP cash pile.