todha takeover offer, page-6

Align Funds Management put out a Target's Statement on the 29th January to the ASX (hard to find but search TOD annoncements)
I cannot see any justification for accepting shares in the NXS listed Hamilton Securities.The two properties, that we have our debenture over, are being sold by the receiver.There are a number of buyers.
Why let go of this security for shares in a 'flea bag company' on the NXS? Has anyone even heard of the NSX?