Just to play devil’s advocate momentarily, it has TMT’s name all over it, and TMT’s board recommending the scheme, but it’s really AVL’s scheme, and it’s both sets of directors up for class action/court/prison if they leave a risk out and it eventuates, and considering the big list of dissenters named in the announcement (who it’s not hard to identify I am a part of), it’s not unreasonable that they’ve gone over the top with their risks. Look at the Boral class action at the moment which was the board not disclosing certain material information during an acquisition.
I really think it all just boils back to funding, and I’m ready to bet my stake in TMT that I can get a better offer than 12-1, or that we can get funded as our own entity.
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