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0.00% 0.9¢ tangiers petroleum limited

Im no novice - but I cannot understand the $3m GALP issue. It is...

  1. Sturnimator1
    310 Posts.
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    25/09/14
    08:57
    Post #: 14025436
    Im no novice - but I cannot understand the $3m GALP issue. It is not clear. Is this a liability, or an asset?

    Is it a poison pill, if the block is not transferred to GALP, they have to pay $3m?

    If it is, they get $3?

    This is not clear. Can someone understand this overly complicated statement - do they get $3m or not?

    Thanks
    TPT Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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