Ann: Merger Update, page-63

Hi NL,

With all respect, nobody thinks or believes all ASX approvals have been received.

Why they put this condition back into the scheme? Dont think any amount of baseless questioning and speculation on your part is going to enable you to get to a definitive answer. It has been included as a condition, this is what most shareholders wanted to begin with and we have it. Accept it and lets move forward.

Voting in favour of the merger, we can talk about likelihood of one outcome or the other as much as you want, but at the end of the day, if you believe it will pass then buy more and let the events play out. If you believe it will stop the merger and you do not want that outcome, sell and invest your money elsewhere.

@luanboo has done us all a favour and an excellent job in reaching out to TAW directly and getting some much needed feedback for all shareholders. For some of those questions you raise here, IMO it is best you get the email address from Luanboo and email TAW yourself. It would be great if you could share your responses.

Apologies in advance but I really think you have moved away from facts (which you were doing in the past and questioned it well) and are now speculating based on what the board thinks and what is going on in their heads and what will happen if, if and if.