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13.0¢ tesserent limited

I guess we should have known when the director transferred his...

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MrEquilibrium

28 Posts.

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15/06/23

17:49

Post #: 68308926
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Originally posted by Kiwi Kid: ↑

This offer is extremely unfair.

Ordinary shareholders have not been well represented in this takeover.

Why have the management not disclosed before this that they have been in discussions over the last 6 months with Thalys .

Why were we not told these discussions were taking place when the decision was made to issue options to management? Most of us just thought we were incentivising them to stretch theirs and the company's performance. Now it appears under this offer that they are going to get a significant payment for these options. An action that has been factored into this asking offer and reduced the amount availab
le for ordinary paid up shareholders in this buy out.

Is this fair?

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I guess we should have known when the director transferred his entire shareholding in TNT to his super fund given that it only has a 10-15% CGT depending on length of investment.
Something to learn for next time unfortunately.

TNT Price at posting: 12.5¢ Sentiment: Hold Disclosure: Not Held
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