TAM shareholders voted against the MLX proposal because the TAM board promoted the NST HoA as a better deal. Which it may have been if MLX hadn't at that time issued an intention to sue. I know you say that they were obligated to put a better offer to their shareholders but under the terms of their current agreement with MetalsX they were obliged not to. IMHO the agreement that TAM signed with MLX wasn't a great deal for their shareholders and they probably shouldn't have signed it. But it doesn't excuse them just because they decided after the fact that they didn't like it anymore.
TAM Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
