wait over 2 years, then when no one is paying attention say...

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remirez

11,848 Posts.

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03/01/20

17:07

Post #: 42215836
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Originally posted by tinhat: ↑

From the announcement:

If the Scheme is approved and implemented and shares in Tiger are issued to the Scheme Creditors in
accordance with the Scheme, the aggregate shareholding of the Scheme Creditors will (based on the
value of the secured debt as at 30 November 2019) increase to approximately 99.24%. Therefore, while
the Scheme does not involve the transfer or cancellation of any existing shares, the Scheme will result in
a significant dilution of the existing shareholders interest in Tiger.

Based on the conclusions set out in the BDO Report, the existing shares in the capital of Tiger do not have
any economic interest in Tiger. For further information, Tiger shareholders should refer to Section 9 of
the Scheme Booklet and the copy of the BDO Report at Annexure D of the Scheme Booklet.

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wait over 2 years, then when no one is paying attention say we're going to just take your shares by not actually taking your shares but diluting you to a fraction of a percent at the bargain basement price of $0.0000067 a share....

I wonder what is on the menu tonight Caroline ? Eye fillet with mushroom sauce ?

Last edited by remirez: 03/01/20

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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wait over 2 years, then when no one is paying attention say...

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