TXN 0.00% 58.0¢ texon petroleum ltd

re: Ann: EGM Notice of Meeting and proxy mail... Two comments...

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  1. 1,197 Posts.
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    re: Ann: EGM Notice of Meeting and proxy mail... Two comments first off.

    I agree with your view that the proposed change of date for the pricing of options on the basis that it should be aligned with Wandoo amendment is not a justification of any substance in itself.

    What could the real justification be apart from what is already suggested/implied? Well, maybe TXN management need to strengthen their hand in the negotiation process with other organisations/suitors that know about the pressure TXN management face to close a deal, potentially at a less than ideal price, created by the existing option repricing date. Its an optimistic interpretation.

    This is soooo slow!

 
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