TTY territory resources limited

The TTY management in their creative wisdom GAVE the 75%...

  1. 13,065 Posts.
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    The TTY management in their creative wisdom GAVE the 75% shareholding in OLY to Sirling Resources for $0,( YES $0 ).
    Part of the agreement with Stirling is that TTY will receive $1.75 million in exchange for the $1.75 million OLY debt and no interest. So we miss out on the $300,000 interest TOO.
    Unfortunately TTY is being managed by a pack of halfwits.

    Re Matilda, it is now broke, sold all the assets to SRE for $4.8 million.

    SO TTY now has no shareholding in OLY and MAL is down the tube.
    Pity, Andrew Simpson is a man of NO vision.

    It goes to show MK is no fool, he now has 82% of OLY and 100% of MAL, TTY has nothing except a huge debt.
 
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