Yes. You might be correct there. But that is for their situation...

Yes. You might be correct there. But that is for their situation which may have nothing to do with the long term holders here who bought in at much higher prices. Also, I've never seen a TO company have to announce it to ASX.

In fact, it could be argued its misleading for retail holders as they have not even seen the report and the basis of the recommendation. Given most instos only jumped in for the arbitrage, blind Freddy knows they should vote YES. Huge dollars will be lost for them on a NO vote given the risk vs reward reasons they bought in.

It could be argued undue pressure is being applied to retail holders given the 3rd party group hired by NTC has also been asking voting intentions and I assume pressuring to vote with director recommendation. Maybe time for ASIC to be made aware of these tactics.