Ann: PPT:Short deferral of first court hearing forScheme with PDL, page-12

worth looking at what happened with my gascoyne gold fiasco.....their firefly acq could not be undone, so westgold had to walk away. westgolds offer for gascoyne was wayyyyy better (% and relative strength post t/o) than regal's current offer for ppt - and they "couldnt" get it over the line.....! yes, way different scheme agreements etc, but same
https://thewest.com.au/business/public-companies/gascoyne-to-ride-with-firefly-as-westgold-bid-falls-over-c-4492082

think about this legally. directors/board have to risk mitigate - for their own a$$es!!! they need to be seen doing everything they can to entertain the "other" offers (as did gascoyne - the westgold offer was far superior so they took the time to "make it happen" - however it all fell thru!!). this ensures that some shareholders are appeased (they did everything they could) and limits fallout from class actions....

having come from ppt ownership (sold out - bit early unfortunately) - some are very anti-pdl t/o....so class action may not be out of question when it reverses, so directors will have to tick every "fiduciary" box to limit any fallout....CYA style

as the initial article stated - will the PPT directors, board, ceo really want to put their jobs at risk under regal stewardship??? take all they built and have it shredded, carved up to the highest bidder?? Come on - lets get serious, how much fum does regal have vs PPT's? clowns