Unfortunate, seems our interpretation of the meeting agenda was correct. The highlights of the meeting are quite detailed when something gets approved. I wonder where to from here? No doubt we will receive some news over the coming week in relation to an update.
I believe this delay will flush some sellers out early next week which is likely to provide an opportunity to buy in at lower prices - but how far will it go? Only time will tell.
I am curious of others opinions about if a capital raising will be required in the immediate future. This delay could be one month, or six months depending on the outcomes. TIS is burning cash and my concern is we needed to start sales in the next quarter and get the cash flowing......
I am not trying to scare monger posters, just gain insight into others perspectives.......
TIS Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held