Ann: Scheme Booklet registered with ASIC, page-53

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dbd25

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05/12/23

20:24

Post #: 71288735
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Originally posted by Handy777: ↑

The deal will get rejected.

AVL will be too dumb/arrogant to return with a fair offer.

Are we then meant to go back to doing rosy presentations and pretend all the issues in this booklet don’t exist?

Now no-one trusts a word from management.

Did the free $230k sway you, Ian?

“In relation to the recommendation of the TMT Directors in respect of the Scheme, TMT Shareholders should have regard to the interests of the TMT Directors in the outcome of the Scheme which may differ from those of other TMT Shareholders, as further disclosed in Section 2.11. In particular, Mr Prentice will receive such number of AVL Shares worth $231,703.70 as at the Last Practicable Date in connection with the cancellation of Class E TMT Options (subject to the Scheme being implemented) and the conversion of Class D Performance Rights.”

Was it worth screwing over all your shareholders who have backed you every step of the way for $230,000?

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So Prentice is down to get $230k on the back of the deal, and then surprise, surprise TMT management and board recommend the merger because "its in the best interests of shareholders". Ha! Ha! After this the guy's reputation will be toasted.

all imho, dyor

TMT Price at posting: 21.0¢ Sentiment: Sell Disclosure: Not Held
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Ann: Scheme Booklet registered with ASIC, page-53

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