anyone can lodge a complaint or even just ask the question through asx or asic. In this situation its a hard one because MK bascially set all these companies up, he was the top dog and put alot of long time mates and associates in various positions within TTY IRL MON. The main factor in all this has me and many others i'm sure asking questions in the lack of transperancy.
FYI i read an article in todays west that MK is actually in Hong Kong and word is he's trying to offload his stake in TTY to Nobel group or another investor. Apparantly this is so he can then cash up himself and pump his own dollars into MON. This would be a great scenario for all companies imo, providing loans are paid out. I think shareholders of TTY and IRL now believe they can go it alone without MK so it could be a win win for all.
Personally i wouldn't be surprised if there is a bigger deal clinched here that see's TTY offload its MON stake possibly to MK also.
I dare say all parties want to act swiftly so all eyes on the newsroom over this week.
fingers crossed it all works out for everyone.
regards Davo
MON Price at posting:
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