Ann: Tiger signs binding agreement to divest DRC operations, page-70

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spid81

16,688 Posts.

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23/01/18

08:44

Post #: 30486976
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Originally posted by MagicSeven ↑

And we also need answered all kind of such questions (below) before we even have a vote for or against this spa (of course against!):

- open (unpaid) VAT receivables from DRC??
- open (unpaid) insurcance claims??
(where we still have the open case about broken tanks etc.)
- other open receivables against 3rd parties (and mb. also VAT)??
- strategical paper from actual mgmt/bod in case of going concern in the next 5-10 years as a non-operating company and how they want to make it sure, that our shares will get an added value (from doing nothing)???
- does mgmt promise to relist tgs on the asx again if we would make this nonsense "Deal"!??
- if we are a non-operating company.. how is the chance to stay listed on the asx??
- what kind of projects and/or other income streams mgmt have prepared for tgs in the future?
- where is the deal FOR THE SHAREHOLDERS???
- how we can get our money from the left ~ around 40-50Mio in cash, if our shares not listed anymore?
- etc.!!!

Someone who have the best qualifications to do that interim shareholder-job in our interests?

I can't do anything from Europe. Also I had never really a chance to reach tgs itself by phone! And last but not least .. my English needs getting used to.. not my native language.. sorry!

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Good morning M7

Under the Australian Corporate Act, shareholders (can be more than one shareholder) with a 5% share holding can call an EGM - i.e a meeting could be called for the removal of the directors.

If TGS plant is up and running at full capacity, the LOM plan is almost completed, why would shareholders support this offer.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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