my initial thoughts on the delisting attempt, page-44

I don't think your advise help either sides here, even for RGs end. First, same with the last takeover, you reckon he will make it, if I remember probably, that was in Jan 2024. The battle between us and him last for another 5 months before takeover fails. Then you come back later, reckon sp will never recover ends and earlier this year, stock went up thanks to Jeremy suggestions. Now you come back after your long term bias view to Pact shareholders and if I may think, you are supporting RG. I think this is the third time I discuss with you and the results last 2 times you expressed your ideas have been proven wrong.

Now let us talk about RG, why doesn't your comments help him. you said he got bunch of advisors, he tried to sweet things up and TIC court case can go either ways and RG is the only buyer in the delisted company and TIC don't want to be unlisted Public company that RG controls and RG won't offer top price. You are basically saying RG is a reckless guy and is the mighty King, that even all authorities got to bound to him. Should he to launch CA power and he goes like that to the Court, I will be surprise if the Court don't say yes to his request but also to throw $1 or $2 more dollar offer/share add on to his final CA bid price. I am saying logically, if I can understand it from your word, RG is that sort of stingy (not offer significant buy price) and the only buyer/dictator in the unlisted market so everyone is to bound to him. If I were you, I shouldn't disclose that to people because RG can speak for himself at the Court and without your words, the Court may think better of him and gives him what he wants at his price. Don't you agree on that? I am talking like I am on RG sides, and if I were his advisors, they would think the same too, to tell you to be quiet for his sake,


Now, I speak for shareholders side, RG got bunch of advisors that never go wrong. TOP decided that RG was pressuring holders too much and gave those accepted the bid second chance to back out. Yes, back then, none of them did but should they see what it is now, would they accept to that 84 cents bid? Huh? Then your point that RG tried to sweet things up but probably won't pay a lot higher price. While your thinking is for yourself, bunch of people up here was like heck, he shot the news out to scare people about delisting and price dropped and he scooped it up, that's not call sweet thing up and a bit better price man, None of remaining holders think like that so I think you have to be seriously considering the word 'advice' there especially you have no shares. Tic court case go 2 ways and they only have RG to sell to? Heck, the Court was delayed and that's the Court business. Are you a High Court Judge to tell them what to do? Be my guest! Tic founders only have RG to sell to? Uh, again are you them to say that? The fact said, they have been the buyers not the sellers. I don't see why RG is the only buyer in the delisted market. By all mean, if I am desperate in money, I know where to dial some one on the register to buy my shares, and I reckon 10 or 15 people can. How can you be sure TIC founders can't sell to someone else then? Like I said, you shouldn't use the word 'advice' because I don't think you can advice me when you have no shares and no interest in buying it. Tic founders never said anything so you are speaking like they are not interest in staying unlisted entity with RG. You know they are reading this and so with their legal advisors?

I wish you the very best luck with your opinion, not advice and this is my opinion, particularly if you want to help RG, read second paragraph of what I said about you are not helping him there.