TKF 0.00% 0.1¢ tikforce limited

Ann: Release of escrow securities (amended), page-2

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  1. 140 Posts.
    lightbulb Created with Sketch. 48
    Finally an announcement, but not one that throws anymore light on the issue.
    Releasing these sares from escrow, if sold at current market price, could raise just under $860k.
    As eagle landed says, they need close to $2m.
    I wonder what Alignment and partners now have up their sleeves. I'm retty sure they are going to accept TKF's denial of the CN breach with a pinch of salt and they are still a major payer in the 19% holding group seeking Baum and the Chairman's ouser.
    I think, for the sake of the future of the company, they should call that meeting soon, get the requisite management change, appoint a competent MD and give him a chance to create some value from this mess.
    Would be good to have Relaxed Punter's views on this move and what he thinks is behind it.
 
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