Ann: S630(3) notice of status of remaining condition, page-3

My opinion is, and I could well be wrong, is that this means the Takeover Bid will end on July 2 and not be extended.

It means that anyone who has already accepted the bid, including employees, will be paid $1 per share in cash prior to closure of the offer (July 2).

This confirms T2 will have an ongoing shareholding of 86.75% going forward.

It also means they will either need to sell more shares, or RRP issue more shares in a capital raising if the shares are going to relist (free float rule).

The next steps from here will be up to Gordon Galt and the Board.

We are about to find out whose best interests they will be acting in going forward.

You can bet shareholders, amongst others I suspect, will be watching developments here very closely.

If Taurus want to take this over I reckon we will see stalling tactics (and no relisting) with a view to making another offer at the end of the year (watch what they do with their FND shareholding at the end of November and early December).

If Taurus want someone else to take this over then I suspect they will be taking steps to relist the company some time soon after the bid ends on July 2.
The threat of delisting may have just been a tactic to try and get everyone to accept the offer.

Deathly silence from the company in the weeks after July 2 will likely see a flood of complaints to regulators I suspect.
They seem to have been in pretty good form lately.
These guys included. This only increases the scrutiny on the their activities.