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02/12/22
09:11
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Originally posted by fauquier:
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What you are describing is relevant to companies that are still listed on the ASX, just on hiatus while the RTO and change in business operations occurs. TV2 isn't a shell - it is completely delisted. No company can come in and inhabit the TV2 shell like TV2 did with GAL because TV2 is gone. TV2 would need to start anew and provide three years of audited profitability, suitable assets, new shareholders, prospectus etc. just as a starting point. Even after that, does anyone in their right mind think that the ASX would allow this mob back in? This fantasy is laughable. As Michael Jordan said ST - "Stop it. Get some help".
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and how, if it did eventuate (it won't), is a massive consolidation/dilution leaving holders with 1/20th of their money desirable and, based on what we see here, excusable? I am gobsmacked.