Some of the kinds of claims I have seem being thrown around over the past few days, it's time for a reality check.
"We will be taken over cheaply by burwill" - No
1. Why would Singaporean investors want to be taken over cheaply?
2. SGX is just like everywhere else you need 75% share holder approval, there is a vote and we would get to vote.
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3. Calderwood, tribecca, cannacord all have large holdings why would they want to give away Tawana cheaply as opposed to just running the company and making money.
No logical thinking person would give this claim any merit.
"It will never list on the asx again" - No
1. Firstly by simply reading the announcement you will see this is a delay not a canceling.
2.AMAL holder voted overwhelmingly to have an asx listing.
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3. AMAL holders want an asx listing, some people on here seem to think AMAL holder are intent on some how ripping off TAW, they are our partners now they make money we make money, they lose money we lose money.
No logical thinking person would give this claim any merit, an ASX listing benefits Singaporean and Australian share holders no one is opposed to it.
"calderwood is selling us out this is all a shake down." - No
1. Simple he owns a significant amount of shares and gets paid salary to run Tawana.
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No logical thinking person would give this claim any merit, what benefit does he get from selling off the company he just built cheaply?
What is reality
Did Tawana fark up the asx listing? - yes
1. It should never have happened no excuses, but it is what it is, this is investing it's not uncommon to get your balls handed to you on a plate, it's about the hundredth time I have copped a major slap over the years.
Will a merge entity list on the asx in the next couple of months? - yes
1.The issue was an on going concern, that asx is concerned that any problems and we can't pay our bills, the asx does not care about future revenue they care about today this minute, they want more available cash, that is being fixed right now.
Must open an international brokerage account and fill in tons of forms? - No
1. You can simply just wait for the asx listing.
2. If you cannot afford to wait 2-3 month from today for the asx listing, then you have overstretched and have learned a valuable lesson about capital appropriation.
Do I need to worry about Tawana current share price? - No
1. If you can afford to hold Tawana till the end of October when it becomes alliance then it's a big no.
2. AMAL share price is all that matters we will get 1 for 1 alliance shares + 10% come the merge, it doesn't matter if TAW share price is 10cents or $10, you will still get 1 for 1 + 10% on merge day.
3.If you want to sell Tawana for 25cents or below right now, then you messed up, and are flat out of luck unfortunately, take it as a learning experience nothing is granted and delays happen constantly for all companies.
What disciplined investors should be focusing on.
1.Where will Tawana be in 3 months from now when the asx listing swings round.
2.What will alliance share price be in 3 months from now on asx listing.
3.Has anything fundamentally changed?
4.Do you want to sell TAW at 25cents or less solely based on a 1-3 month listing delay?
Think carefully before you get swept up in the fearfest some people are creating with false claims that support their own personal agenda's, a merged entity will be profitable producing entering the asx 300, holding is tough, selling in the 20's is tough, nothing comes easy in this world.
Some of the kinds of claims I have seem being thrown around over...
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