I totally agree with Mentalist123. it blows my mind that the ASX would accept a 'deal' structured as it is. it reads like a teenager wrote it and has more holes than Swiss cheese.
This reeks of a transfer of assets from shareholders to individuals. Only highlighted by the need to 'reassure' that the lenders were 'not related'.
If TBA folds, which I believe will be the case, then heads should roll. I for one won't sit by and let it happen without rocking the boat.
This whole pantomime reflects very negatively on the ASX and Company regulation in general.
TBA Price at posting:
2.6¢ Sentiment: Sell Disclosure: Held
