Can someone please tell me what’s going on?, page-57

This issue is with management stating they raised a class ruling with ATO on the distribution of LLL shares prior to tranche 1.

It now reads like they were never interested in distributing the LLL shares prior to tranche 1 at all. The ATO could have easily ruled on what tax implications of handing back LLL shares would have been prior to tranche 1. Sure the outcome might have have been so good for holders considering the tax implications but that's not the point.

The point is that Management appear to have mislead shareholders with their statements not being truthful. I.e. They were never looking to give the LLL shares back prior to tranche 1, or now even tranche 2, but they kept sprouting misinformation for 6 months...