Ann: TPS Secures $10.5 Funding Package for Acquisition Strategy-TPS.AX, page-22

went through the ann again

This is mentioned in ann

Following the Placement, First Samuel will become a substantial shareholder with a minimum shareholding of 5.8%, potentially increasing to 8.3% on completion of the second tranche. First Samuel’s shareholding will further increase up to 33.9% in the event of a full draw down and conversion of the convertible note.


Above poster mention 45% shareholding.

This show his assumption is wrong