Why not. Wouldn't you rather have someone with 20% ownership...

Why not. Wouldn't you rather have someone with 20% ownership running the company, rather than a bunch of blokes with 2% ownership?

Most boards just rip cash out. Are TAP really any different?

Most private companies are 100% owned by the owner - and you can bet that usually means they try a bit harder, as if they screw it up, they go broke.

I am not saying Chatchai is a better option, what I am saying is the boards argument is weak, and incorrect, and if they are to survive they are going to have to come up with a lot better than that reasoning.

These asset sales etc should have been done a year back, when they were worth double the prices. This is a desperate attempt to stay alive - I don't know if these blokes will have the votes to stay in their jobs.

At 30 cents I doubt they have a lot of friends on the register - should have done better really.