OK you are right about the reading of the orders but the panel hasn’t looked at any of this. I’ll get my original post moderated but I’ll let these comments stand.
“Given there is no active TO for TBR I really can’t see why interim orders have been made. What is the level of urgency here? There are a whole bunch of companies that are actually in the middle of TO actions which would qualify as far more urgent cases than TBR. There is something very wrong going on here IMO. Whoever issued these orders is over steping their powers IMO. What is the urgency here? When was the last substantial holder notice lodged? The last substantial holder notice Form 604 was lodged in June 2017 by General Energy International Holdings Ltd (the Chinese holders). They are not even parties mentioned in the current application. This is an ill motivated application, that has nothing to do with any current TO for TBR and shouldn’t be in front of the takeover panel and is also damaging to the minority shareholders of TBR as is evidenced by the share price fall today IMO. Pull out mate, you are just damaging your own and other minority interests here.Esh”
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