Ann: TMT Investor Presentation December 2023 - Scheme Webinar, page-98

You can go back over your previous discussions of the PLS takeover here if you like to confirm, but I promise I haven't previously said a single word on that topic, your back and forth was with someone else here.

I actually agree with you that in that case Altura didn't have many other options and needed to accept that deal. Yes it was at a big discount and again you can probably say opportunitic, but that situation is what it is. unfair price, but reasonable under the circumstances.

Why I have brought this example up now (for the first time) is that I had been thinking on it and just don't think it's a good example of why TMT need to accept a similar deal, as we are not on the ropes and don't need a bail out at the lowest possible price.
I think this is partly why they have taken the tact in the scheme booklet of trying to paint a picture of TMT being all but screwed and this deal saving them. They are trying to make it seem like a lifeline for an all but dead company so that we accept a lowball offer as 'reasonable' given our circumstances.

But many just don't agree with those circumstances one bit.

And looking around to similar takeovers and asset buy outs, the offer is usually attractive enough that the shareprice doesn't tank in the company receiving the offer.

Every direction you look here is evidence the deal stinks, and that is entirely AVL and RCF's fault for miscalculating their offer, dismissing the early feedback, then focusing entitely on these 'dire' circumstances as the reason we just need to accept it.
They should have just offered a respectable price in the first place.