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20/06/18
10:02
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Originally posted by wingedwarrior
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I'm simply getting more and more confused and mystified by this whole JV/merger and spin-off situation, especially reading some of the comments on HC. Surely TAW holders who have invested say $8,000 - $10,000 and contentedly sitting on 10,000 - 20,000 shares aren't going to find themselves with unmarketable parcels in whatever the new company structure turns out to be unless they come up with huge amounts of additional investment in the same resource? What is the sense in that and in what way are holders being served or protected? I think it's time TAW management spelled out exactly what's happening so investors can act accordingly before it's too late? Maybe even a Trading halt is justified because of all the uncertainty and likely info leaks bound to happen? I'm very disappointed with how this restructure is being handled and I'm sure I'm not alone!
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It may help to note that the discussion on marketable parcels relates to the spin off company Cowan Lithium. Don't confuse it with your allocation of AMAL shares.