Ann: Trading Halt, page-5

Current cash on hand to end of this quarter will be (estimated) ~$1.6m. The 16.99% stake belonging to Sprint (now Round 88) is worth at best $555K based on current 0.1c market price. They originally paid ~0.2c for it (~$1.13m). Imo it would be outrageous of the Tali directors to pay Sprint's administrators anything more than what the market is currently valuing Tali at. In which case they could buy back the whole 16.99% stake using current cash on hand without any need for a capital raise.

Especially too given the failure by Sprint's associated company, Genuis (now Vertical 4), to perform under the strategic partnership agreement. This failure has resulted in a massive writedown in Tali's expected revenue, further diminishing the value of Tali as a viable business. Sprint should not be rewarded above market price to relinquish their stake. If the administrator thinks he can get a better price for 16.99% of a shell company like this has now become from someone else then he should go for it. Or throw it all in the open market - the share price cannot sink lower than it currently is.