Thanks TTC and Onshow.So what you are saying is that TTY are...

Thanks TTC and Onshow.

So what you are saying is that TTY are being rerated to 45 cents so all existing shares are therefore worth the same amount?

Ergo the reason the SP is low 30's is that it takes a while for a rerating to come into effect?

Either way maybe a better way for me to look at this is buy in at the 31 cents on offer and at worst i will break even and either the rerate will come into effect over time or the other party will lift their offer and the price will also increase. Cant lose unless the offer get spulled whihc is unlikely i would think.