Ann: Second Supplementary Target Statement, page-5

Sorry i messed up my post on franking credits...
I think you have outlined a key issue crint. I am an aussie
holder who buys and sells TAP on the ASX. I also pay aussie tax. For me, as a targeted seller, there is significant value in those franking credits. I dont really care that they offer no value to any potential buyer. Fact is that if they are prepared to give me zero for them then they should not be surprised when i wont sell. Its needs to be valued for me to sell..