Member Info for legache

yes, seems odd, thus my question mark over what the scheme becoming effective means...

Yes, you're locked in, but like i said, if the TNZ price rises we're okay, if it falls, then we're not. Its a complete play on thier business.

I ahve a had a look at the accounts and its on a pe of 3 5 million dollars profit on rev of 15 million... It looks pretty good, better than us!

Looks like the stock might not be admitted until April 2023, so you're locked in from August to April. Or have i misunderstood?

"The Scheme is expected to be effective in April 2023"

Correct, the TNZ share price in April 2023 will determine the value of the deal to us. It basically a play on the TNZ share price. We won't get the share until the deal concludes, that's my understanding.

20% right 8p>10p?

How are you getting another 15%?

Absolutely sure. Just checked.

TNZ Bid:C$2.36 Offer:C$2.37 Change:0.18

You have sign the exchnage agreement form first to see the equaities.

Guys, what's the threshold for approval. Does anyone know? I heard it was 90%, if so, surely we have enough shares collectively to vote this down?

I'm with II, they allow TSX holdings, but that's not the issue. It's the fact I'd get shafted by the share price of a business that i know nothing of.

but it could work the other way, the stock goes down and we get properly bummed.

They'll be arbitrage traders all over this and i can't see the sp moving for months. We're basically locked in unless you will take 8p and move on... My holding is so large i could never get them all away at 8p so i am stuffed hoping that the Tenaz goes up to somethign more respectable.

yes, it looked mildly acceptable in USD - thus my comment below. Its CAD. :-(

The trouble is... how much do we want rid of Box and Reid...

For me, not that much!

Gonna vote no. This is too cheap. Its only 10p per share...

https://static1.squarespace.com/static/6164cf34a8e54b2e687f89e3/t/628dc3aa0a112770d81f592b/1653457835449/TNZ+PR+-+Announces+Agreement+to+Acquire+SDX.pdf

its pretty outrageous... but in a way, i'm kind of glad...

About 40 premium to market-rate currently...

Liquidating the assets means finding a buyer. I am sure there will be a few running rule over SDX.

Also, please vote not to e-elect Box and Reid at the AGM. We have until the 9th of June to register our votes. I have a lot of shares, but not in the context of Waha. You never know how they will vote, so please, use your votes fellow owners.

Luck, my feelings are almost identical.

After holding for so many years I am simply not going to jump ship. No matter how inept these execs are.

We, the little people, don't have enough votes to oust the clowns. We need major holders voting enblock to support us. Not even Ned and his ten squillan shares will be enough!

:-)

No trades? Odd.