If you read his 249P, provided before the capital return...

If you read his 249P, provided before the capital return annoucement, you can see the return offered was Troy's idea. This deal is a result of the 249d, so why would TH trash his own deal?

Remember up till that point the board wanted to return 20m to people who accepted a buyback at a price between 17-19c. This effectively created 2 class of holders and could result in control transferring to persons with smaller holdings.

TH brought about equity, fairness and timeliness in the deal. I believe his nominated directors will finally bring clarity around TSI. If value can be fund in the shell, I trust them to bring it about in an equal, fair and timely manner.

cheers