Ann: Change in substantial holding from MS, page-7

Everyone should know that retail SH's always get screwed over, that's just how it is
The big guys (regardless who) will always make money as they have the firepower behind them
Management can release announcements with statements around being undervalued, independent reports, valuations, etc etc but in the end management aren't crying poor as options and performance shares will likely be accepted into any bid (any stock, not just TIE related)

The key here is for Zhajoin to get to 75%, for once they do, they essentially control TIE
They already have the numbers to start replacing board and management with their own choices + my understanding is Zhaojin can now put forward resolutions at meetings to enact what they want, for example, delisitng TIE from the ASX (if I'm incorrect here please let me know)