HTA shareholders - no new shares?, page-83

If you buy TPM shares you will end up with shares in TPG2. 

If you buy HTA shares you will end up with HTA shares. 

As Vodafone Hutchison Australia (Vodafone) is rolled into TPG2 any excess debt over the agreed debt ceiling for the merger sitting on the books of Vodafone Hutchison Australia will have to be transferred back to the owners of Vodafone Hutchison Australia. 

That means HTA and Vodafone PLC.

HTA will own 25.05% of TPG2, not the shareholders of HTA.

You will not be issued with TPG2 shares.

HTA shareholders will be an indirect owners. 

CK Hutchison Holding plus Spark NZ plus the board and management hold 98.5% of HTA.

It would be foolish to expect that HTA will ever be managed in the interest of retail shareholders in HTA.

The management of HTA will determine if HTA shareholders get any dividends.

They will manage the debt of HTA.

With only 1.5% free float, exiting from HTA will be near impossible if only a few other retail shareholders also want to exit.

I bought 100,000 HTA shares at 13.5 cents viewing it as a roaring bargain back door into TPG2

But less than a fortnight later I realised these risks and sold at 13.5 cents.

Tell me if I am wrong.