Ann: Right to buy out remaining holders, page-90

After looking in to General Compulsory Acquisition (GCA) a bit more I see the chances of this going to court have reduced.

Based on the screenshot, Taurus must propose a cash payment amount (and include the new IER) when the ASIC form 6024 for GCA is sent to us.

As long as the new offer amount is well within the valuation range quoted within the IER then Taurus should have no trouble convincing a court (assuming holders of Atleast 10% shares were to object) that their offer is fair.

I believe they have no interest in going to court. This delays the acquisition, and also takes some control out of their hands. There is less than 10 million shares left to acquire, so offering a price well thin the IER range will not break them. They know they are getting them cheaply any way.

See comments in right hand margin.