Agree totally.
The debt to Siderian is nearly $2m so money from Chen will go to pay Siderian.
Then they are expecting to raise $2m from shareholders and others after giving away 35% of the business.
ATA still has 5m shares in TGN. An in specie allotment of these TGN shares should be made to all ATA shareholders before there is a capital raising.
Ann: Heads of Agreement signed with Joint Venture Partner, page-3
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Last
81.5¢ |
Change
-0.010(1.21%) |
Mkt cap ! $254.9M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 81.5¢ | 81.5¢ | $1.911K | 2.345K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55100 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 20000 | 1 |
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| Last trade - 12.30pm 02/05/2024 (20 minute delay) ? |
| ATA (ASX) Chart |