Its a $2 shelf company they could sell their stock off market to someone else and then there would be nothing left in the cupboard to grab. ?
Tony has said they are leaving their legal options open as you would expect him to say - I hope he has managed to write some poison pill into the J/V deal on Cockatoo to shut Timeone out a possible take over tilt for the company- IMO he would have been better to have deal on 50% of the whole company.
He would want to be very careful he doesn't do a good deal on Cockatoo only to find that Timeone who have 20% and who knows what their " friends may have ( where did the JP Morgan parcel go ? )
These dudes have shown what low life's they are - I wouldn't put it past them once Tony has secured the Cockatoo J/V to make a take over bid for the comapny subject to a minimum 50% acceptance .lets say they already had 20% and unknown " friends had 10% they would only need 20% of retail punters to fold their hand and they could punt the board then starve out the rest of the holders.
Hope Tony is a good chess player -these guys a huge worry being on the register as major shareholder with a current seat on the board ( hopefully she gets punted ASAP..
Buddy no deal on the bet - I dont trust peolple who dont drink ! LOL
Hoot
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