Ann: AFY and TCH Merger - Touchcorp Scheme Booklet, page-8

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Killa68

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29/05/17

17:19

Post #: 24974655
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Originally posted by viperofpitstorm ↑

At present the rate is about 0.60, it was 0.68 when AFY was at $2.19, we are being offered 0.64.

I have gone over the paperwork a few times. Before even reading it the 0.64 annoyed me, after reading the information I find it a simple and crude method to make the merger/takeover bid.

At present I am a No vote, the 0.64 is the main factor but it is made worse by the fact that AFY is yet to turn a profit looking at the 2016 info. It is not as fundamentally strong at TCH. The thing that annoys me is that we as TCH bear most of the burden in the merger, purely it seems based on AFY potential and yes it does have potential.

There appears to be some conflict of interests which have been highlighted in previous threads.

Further there is a possibility if we vote No we pay 1.3mill yet if AFY vote No they pay less.

Correct me if i'm wrong but JP Morgan are top 20 holders for both, number 1 from memory, so a large chunk of this vote rests on people like them, not on small fry's like me.

I will be voting No, I don't believe this is a fair deal for TCH holders and I am curious about this other offer that couldn't be disclosed, what was it?

I would also like to know other holders feelings about potential ATG listing price because I assume the big dogs will vote yes and this will relist.

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I agree Viper... see my earlier posts on different thread.

TCH Price at posting: $1.55 Sentiment: Hold Disclosure: Held
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Ann: AFY and TCH Merger - Touchcorp Scheme Booklet, page-8

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