TEG 0.00% 0.7¢ triangle energy (global) limited

TEG upcoming arbitration 14 million!, page-3

  1. 22,189 Posts.
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    "The notice of arbitration relates to payments which MonTerra alleges are owed by Triangle, amounting to US$1,000,000 or a 19.99% equity stake in Triangle."

    Asaliah. I support most of your other opinions on the current situations and be most interested to see how the vote turns out on Wednesday. But, as you initiated this MonTerra story, is it possible that given what we are now hearing, you might want to either withdraw your initial assertion, or, if not, put some more detail to it? From what management has announced, it differs quite significantly from what could be inferred from your original post that MonTerra could be valuing a 19.99% interest in TEG at around $70 million, when you say that the claim could be as high as $14 million, which possibly caused some palpitations among shareholders.
 
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