Has anyone checked the latest Shareholder list on the TTY...

Has anyone checked the latest Shareholder list on the TTY website, it's worth noting that it was updated just a few days after Noble Group upgraded their debt for equity conversion to 45 cents. ( ie 16th May 2011) WHY?

http://www.territoryresources.com.au/investors-a-media/share-information.html

Look down the list, and see where the Crawley Resources shares are now housed. They are no longer registered in Perth, they are now registered in HONG KONG.

Has the Noble Group pulled in a favour from Michael Kiernan?
OR
Has the Noble Group seized the shares due to non payment of the loan agreement?

http://www.asx.com.au/asxpdf/20080716/pdf/31b5w6hpd3z134.pdf

So what does all this mean? Effectively the Noble Group already hold 76,771,731 shares or 29% of TTY.

If you look closely at the ASX document you'll note that Noble Group paid $0.5756 cents/ tty share.

Do you really think the Noble Group will 'bend over' and let Exxaro takeover TTY for 46 cents ???

Lets hope we get that counter bid shortly.