This is just a storm in a tea cup as someone else previously...

This is just a storm in a tea cup as someone else previously said.

I have seen companies jump up and down about similar instances in the past and they always lose. Let's face it, if I was a director of Mlx I would also be ropable. The excitement of having signed a hoa and to have issued an announcement to the market exciting Mlx's shareholders to find that another giant like NST to stomp all over them with a superior offer putting egg all over the directors faces would enfuriate me and I would probably try to do exactly the same thing in trying to salvage something due to pure desperation.

In the back of my mind I would know that the chances of me winning are low but why throw the towel in so early?? Lol

Anyway anyone can always take legal action whether they are right or wrong.

The terms and conditions of the hoa have been disclosed to the market. These terms and conditions would be the main crux of the agreement so even though we haven't read the fine print I'm sure we haven't missed out on much and it shouldn't change the terms and conditions already listed.

1 condition:- shareholders need to approve it.
2nd condition :- No superior offer is to be made. If it is then tam will consider the higher offer.

Simple, but as I previously said, sometimes I just shake my head.

Oh by the way , I very much doubt that tam is going to pull out of a jv that it needs.

Cheers!