This company has good assets but needs and deserves a decent partner to realise value from them. Who are Olisol?? Please someone correct me and show me evidence to the contrary but they appear to me to be of erratic liquidity, murky and undisclosed ownership and in all other respects completely Mickey Mouse. There are great opportunities here for a decent, credible, well funded partner. Come on TPL, get your .... together....
I think the problem is not that it was a 50% premium to current share price but that it the placing was to be a lot higher than it actually was. There is a lot of distrust with what Olisol and Pope will do with the company. Risk of them taking it private. I hope it turns out well!
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