Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX, page-130

Totally agree Marty. I'm not making this up either....

As per announcement dated 14/08/2012 below TSI India already have an AUD $18.5m commercial operating lease facility in place.

The company was able to secure this line of credit with only 815 ATMs (refer to 2012 Annual Report below).

They had 100% ownership at the time but that ATM figure is now 14,000 ATMs with potential re acquire the remaining 75%.

That's just over 17 times the number of ATMs and only based on one business line.

Add in Jonkey's line of thought ie what was mentioned by MarkQ below and yep the market are still in panic mode lol????

http://hotcopper.com.au/threads/whose-going-to-the-agm.2864661/page-43?post_id=18851673#.WAme92Z97IU

References:

http://www.asx.com.au/asxpdf/20120814/pdf/4280hjbxzsctgt.pdf (AUD $18.5m commercial operating lease facility)

http://www.asx.com.au/asxpdf/20120730/pdf/427p7hy8x0ttwj.pdf (2012 Annual Report)

Tony