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Re: [sharechat] TTP.NZX - 6.8 cent per share surplus - but no biscuit

From:	"David & Jill Stevenson" <djstevo@quicksilver.net.nz>
Date:	Thu, 12 Feb 2004 14:19:16 +1300

David,

But don`t you see the parallel of TTP with the old RJI . Difference was Sir Robert Jones allowed a management buyout of ,in effect, his services for approx. $93 million . The �verseas major shareholder in TTP would never do that . He has the power to starve out residual shareholders into the future with priority management fees as a charge against profits. Malcontent shareholders he can buy out for a song along the way preserving what would have been "wasted" dividends to shareholders. Better to build up NTA for when the company can be privatised. You may have noticed disgruntled "bought out "AGH share holders moodily pacing the streets. Stop and listen to their story .

Regards,

David ( and GL (Good Luck ! ) Heck that was a slip ! )

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