When the 2 new directors are appointed we will hear the recommendation from Jacka to proceed or not with the offer. (The end acceptance date can be extended as I mentioned earlier)
The sneak peek at Cap Juby may stir the punters into action also.
My understanding is that the TPT board was not split - all merger supporters. An earlier issue (which I am completely ignorant about) & then pressure from the rebel shareholders who also were not happy with the idea of a T/O forced them out.
As for Jacka, the situation is very clear - lack of funds.
So lets see if the two companies can get this deal they both want/need over the line.
JKA Price at posting:
8.3¢ Sentiment: None Disclosure: Held
