TV2 (ASX) Who will buy on Relisting?

Originally posted by Basileus ↑

Well I must say I didn't expect you to double down on the 'taking sides' issue!

Now here's the difference ... in my view.

When buying a share I would have thought that one would undertake some form of financial due diligence and risk assessment - at the most basic level. That's hardly taking sides. The difference between investing and taking sides is stark and one that seems rather obvious and clear cut ... to most!

Taking sides is for the playground or, when you go to the footy or, the tennis or, whatever! This is why I made an earlier reference to Crown. You take sides when you bet on red or, black at the roulette table. Is that how you purchased your TV2 shares. And once purchased - you simply, just took a side here on HC? Others, I imagine, conduct some form of due diligence and advance their knowledge of the stock on HC.

'Taking sides' is merely an empty parochial stance.

Still, each to his own.

And please, if you wouldn't mind, spare me the reference to fiduciary duties. I am qualified to talk to the topic as I am the Corps Act and other Acts - as it happens.

The quip about 'conflict of interest' ... irrelevant in my view ... my learned friend!

Expand

We both agree that the side we are on is the personal pursuit of financial gain.

But where we part company is how we objectively achieve that outcome. I don’t understand how l would come closer to achieving that objective by using a considerable amount of my spare time researching an commenting on an investment l have no intention in making. To do so would reasonably bring into question that l have taken a personal interest not a financial interest in the matter. We agree that personal interest is not our objective. This could be construed as taking a side, whether that is conscious or not, it is an unintended outcome.

Contrary views are welcomed but I find the repetitive voice of dissent from those with no current or future intent of taking a material interest in the company as illogical as many of the arguments presented.

On the point of winning maybe consider it this way from a Shareholder’s perspective. Following recent announcements those that took a decision to hold rather than sell at a loss are more confidence with their decisions to do so. To think that it’s related to anything more than a financial gain would be to inflate the self importance of posters on this forum (any of them).

But as human beings we also like to say l told you so and shareholders currently have $5m reasons to do so. Can you imagine the avalanche if the announcement was the deal had failed? It shouldn’t be a surprise that after hearing it wouldn’t happen multiple times on a daily basis for 9 months that’s the response received.