great summary.im confused too.

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Michael990

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06/07/19

20:30

Post #: 39406209
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Originally posted by Abacoolloo: ↑

While I am happy that things seem to be going well behind the scenes, I must say I'm confused.
We have the money now for the desperately needed additional equipment but not the few thousand bucks to produce the report that would see us trading again.
This seems very clever and calculating to me. What better way to stop an attack on a company you want to retain control of than to get it suspended especially at our current market capital (before suspension). The money has always been there (raised) in the past and magically appeared when needed to TL's credit. They were about to go to the market to raise capital and within a few days pulled the offer. Why? Because of this corporate transaction? It must have come to TL's attention shortly after the offer to market hence the reason the offer was pulled.
It would seem what we have in the ground is worth fighting for, hence the attempted board coup by AMG etc and TL fighting doggedly to retain control.
The recent response to the ASX query seemed well prepared and offensive rather than defensive albeit dramatic (murders etc), so it seems to me TL is one step ahead of everybody at the moment and playing his chess pieces strategically.
My only concern is this "corporate transaction". Is this a deal where shareholders get shafted while the leaders get cushy board jobs with whatever new entity emerges?
Hopefully whatever the deal that is done is for the benefit of all shareholders and not for the elite few like at RRP.
AIMO DYOR

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great summary.im confused too.

NIU Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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