How much would it cost for an administrator to come in, audit...

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Seanf80

60 Posts.

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01/02/18

16:14

Post #: 30744643
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Originally posted by MagicSeven ↑

@Abos

This SPA is nothing more than a "creeping insolvency" to every shareholder! The money we get (tgs mgmt - not the shareholders directly!) is a safehouse for BOD/MGMT to receive their salaries for many years more and this cashdrain means a worthless step for every investor!

After they receive the net money, they will suspend our TGS from ASX and we are done, because nobody will buy your/our unlisted shares of a non-operating company, which isn't publish any numbers at the right time/deadline!

That's why we have to go for a FULL REJECTION of this false flag SPA!!!

Therefore a normal liquidation would be the best case if there isn't a better option (e.g. other offers to buy tgs!). A liquidator will do an auction of our assets and in drc some big players will fight to get our assets (Glencore, Freeport, Anvil Mining etc.)! So therefore we would get a much better deal with an "official liquidation" because the money which will be paid for the company's assets will get directly to us after paying all debts! And then every investor will get more money back, than with a creeping insolvency through this spa, where nobody will ever see a CENT!!!

@All please give us your numbers about your shareholdings.. or if you wish vote for someone who will collect the shares by an email..

let's prepare for the rejection!

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How much would it cost for an administrator to come in, audit fees etc.. not cheap. Why would Glencore, Freeport et al suddenly want to buy at auction and not do a deal now? One reason, offloading assets dirt cheap...cheaper than whatever shifty deal management have managed to sort out. Frankly.. none of options seem very palatable.. shareholders to lose out here.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Held
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How much would it cost for an administrator to come in, audit...

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