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clock Created with Sketch. 26/09/23
14:11
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Originally posted by dbd25:
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Never mind getting AVL shares, TMT holders should be getting bought out in CASH, for a known amount per share. I don't agree with this idea that TMT holders automatically get funnelled into owning AVL shares. What happens the AVL's SP tanks in the meantime ? How is anyone supposed to vote on this, not knowing what the value of the 12 AVL shares might be at the time they acquire them ? You're voting for a pig in a poke. Let AVL do a cap raise and generate the money - if they want TMTs assets so badly, and want to remove a Vanadium competitor. With the cash, TMT holders could decide whether they want to buy AVL shares or not.
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100% spot on. The risk in the transaction has been transferred to TMT, rather than where it should be, which is AVL being the party doing the actual acquiring.
