Good news for TAO subscribers and bad news to the sole person who was hoping that it wouldn't go ahead.
Just heard from a big holder. It's 110% not canned. As the tenements are now 100% owned by TAO now and also due to the Court Case going in TAO's Favour
GTT guys felt its fair to issue a supplementary with everything that has happened.
Due to that people who wants to pull out they have the choice to do so. Wee know what happened last time in similar circumstances, no one pulled out.As per ASIc rules needs to be opened for 4 weeks.
Most importantly TAO's EV will remain under $2 mil as Costs were awarded to TAO by the court so nothing in valuation changes. Supplementary to be lodged around this Friday and listing to be on 6th April due to this process. From what I hear nothing is holding up any more , Just the ASIC's due process to occur that's all and no further issues with ASIC or ASX.
What a pity that the guy who was desperately hoping it would be canned will be extremely disappointed. I trust the big investor who gave me this info with my life. So no Q on the credibility of this Info. Just a bit more patience is needed that's all. Cheers.
TAO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held