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$4.93 tribune resources limited

Ann: TOV: TBR Declaration of Unacceptable Circumstances, page-53

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maersk

125 Posts.

6

19/09/18

08:12

Post #: 35686691
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Originally posted by seboya ↑

What the literal firetruck does this have to do with anything.

If an individual has the ability to control the votes of a shareholding, they have to declare it. Any individual is not allowed to own more than 20% of an ASX company, unless under certain circumstances. The Takeovers Panel says both of these things may have occurred with shareholders in TBR. It will seek to give natural justice to the other shareholders of TBR by righting these legal wrongs.

How about instead of gaslighting the thread and pontificating about how the injustice of it all, we just keep discussion in this thread to what's in the Takeover Panel's Declaration and what it means to the company and its shareholders.

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The Takeovers Panel will not "seek to give natural justice to the other shareholders of TBR by righting these legal wrongs", Seboya.
Surely, the remedy is to force Mr Billis to mount a formal takeover, rather than the stealthy long game he has constructed over the decades.

TBR Price at posting: $6.70 Sentiment: Buy Disclosure: Held
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