Chubby, you ask why didn't timeone just pay the $17m. I would have thought the answer was fairly self evident. We have a completely new deal on the table. The announcement said “The new proposal will require shareholder approval, including a new approval to issue the portion of tranche 4 shares that takes Timeone above 20% of Pluton. This will require the issue of an independent experts report. We have commenced this process and expect to call an EGM seeking these approvals as soon as possible.”
Put simply, Timeone is not permitted to pitch in another $17m. ps did you actually read the announcement?
PLV Price at posting:
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