We need some sort of protection against a force majuer event, say (God forbid) the whole AVL board die on a flight out to site, or they owe millions to staff, suppliers, ATO etc.
this is the small cap game and it all runs off small volumes, it isn’t a merger between BHP and RIO or soemthing where you have more security/confidence in the value of the share price in 4 months time.
Ann: Additional TMT Shareholders Support Proposed Merger with AVL, page-53
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