Ann: Essential and TLEA to enter into Scheme of Arrangement, page-125

Negligent - correct.

Negligent in their general duties to do the best thing by shareholders.

They could have presented the offer (as is their obligation) with their intention to reject it and give us a summary of why it undervalues the company.

Perhaps you are quite happy with 50 cents and would recommend the deal if you were in charge.

There would be several other better options to get better value for shareholders if Tim knew how. But unfortunately he is happy to bail at the first little crumb offered.

No doubt most of us owners of the company will give him / them a survey with a fairly consistent message!!