RE:RE:RE:Where is the circular?Thanks for the email Jim, I will try the contact but I don't hold out much 'hope.'
The addendum that was added by TMIAF allowing the funders to give the 'loan' was 'devised' after the award was made and added to the original 2013 documentation, which outlined the agreement between the funders and TMI. If this loan is not applied to the 15% share TMIAF was supposed to take from the award after the 33% funders amount (who, I believe as good business will take the max they can get from this small award) then it basically gives TMIAF 100% more of the award than the originally documentation allowed (approx $4 mill rather than $2 mill based on the 67% left after funders costs etc from the approx $26 mill settlement).
I do need to add that this loan was to be taken in segments so it may not have been entirely taken by TMIAF as of yet. So, they may not take the enitre $2 mill which would clearly see more available to TMIBF shareholders even if not applied to their 15% share.
Again, we will see when all these costs etc are presented to shareholders
GLTA -
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