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.
TKF Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
