Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

Gee whiz a good pickup!

I wondered why TAS and EDE decided to do these consolidations, equity raisings, and conversions of related party loans into equity.

There is clearly a basic restructure underway.
TAS is the holding coy.
TAS and the Board is the "Banker" to EDE.
EDE is the operational entity, and where the value is , and potentially further value to come.

Directors of TAS control TAS and EDE.

So if TAS sell greater than/equal to 20% control of the shares TAS holds in in EDE, then the acquirer needs to make a bid for all the shares in EDE.

If TAS does an in-specie distribution of EDE shares to TAs shareholders, then have not calculated what the direct holdings the directors of EDE would have? If certain directors of EDE end up with 20% of EDE where does that leave us? If they are "associated" then that's another issue?

I wonder what has caused TAS board to consider this restructure?
Does it mean EDE or TAS has had approaches from interested parties???
Is TAS sick of funding EDE?