One of the conditions of the bid is that TPT receive 90% acceptances. As stated previously though TPT can waive any of the conditions. I assume the new board will not be pro-takeover and I can't see of too many scenarios where they would waive the condition (after the last board was spilt due to support of the takeover).
Of course if Cap Juby fails and the TPT share price drops below 20 cents perhaps the TPT board will consider taking a minority stake in JKA as it would be at a relatively bargain price.
JKA Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
