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Ann: Board and Management Changes , page-16

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  1. 4,583 Posts.
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    abdm

    A question.

    Does TTV owe a duty of care to its shareholders when it does it's due diligence study of P1?

    I ask this because I am wondering whether the valuation of P1 shares at 30 cents (P1 therefore capitalised at some $200-300 million) would withstand scrutiny by TTV's due diligence process?

    On 12th March TTV announced that P1 was not able to scrape together the $700,000 its owed under and agreement with TTV. The reason given was that P1 had not yet listed - but why that was relevant I have no idea.

    There is something I don't understand in all this.
 
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