I have been a holder of this since the Progen days. It's been a bottom draw holding for me. I hoped it would recover particularly with the rapid antigen testing kits that TBG produce for Covid testing. But it it turns out that management and in particular Jitto and Stanley have not been acting in the best interests of share holders but rather for their own benefit and the major shareholder, Medigen.
The Company will officially be removed from trading on the ASX. But its not the end of the Company and we will continue to be shareholders and have shareholder rights under Australian laws (not Taiwanese laws).
I think shareholders need to stick together and make sure that the parent company Medigen doesn't strip the assets from TBG for it own purposes.
Are other share holders on this site keen to do the same? Perhaps we should swap email addresses so that we can communicate with each other and make sure we can recover something from the Company over the coming few years.
Or does anyone have any other ideas?
TDL Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
