Ann: Quarterly Activities Report-NTL.NZ, page-12

The signed term sheet proposes Amer acquire a controlling stake of around 70% in New Talisman in return for a cash subscription and guaranteed cash profit underwrites over a 3-year period. Given the size of interest that Amer seeks to acquire, the transaction is subject to completion of due diligence, detailed agreements being signed, and shareholder approval under the New Zealand takeovers code, listing rules of the ASX and NZX and any other regulatory approvals. Amer has agreed to contribute a non-refundable $50,000contribution towards New Talisman's transaction costs of progressing to the next stage.

http://www.asx.com.au/asxpdf/20160616/pdf/437y2w4kcv1q30.pdf

You will note that they showed up when NTL was at rock bottom - you think they were going to acquire a $4m company with no cash at a premium? Stock Rooster, I accept that you are out of NTL but I'm a bit confused as to why you keep coming back with complaints