but not before the directors compulsorily convert ALL the timpb to tim in about 10 months time (possibly with a 1: 1 tim rights issue soon after). Expect banks will support tim directors till then & expect directors and execs want to get paid for undertaking futile restructuring activities and set up redundancy payment deals.
then they will have some cash to pay out me and the other timg shareholders.
safe to buy timg at $20.00 per share if tim stays above 5c as maximum conversion is 400 tim to 1 timg (if tim survives 3 years & a good sporting chance given self interest of the directors & management)
great dividend est. $5.00 (unfranked) for timg each and every 6 months and get paid as priority before divs to timpb and timhb (& did any one say tim).
Pity i paid average est. $50.00 for my timg.
TIM Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
