Showman first thanks very much for making yourself available to us shareholders on HotCopper. My question is do you think there is any chance that Timeout will get cold feet and pull the plug at the last moment. I am hurting at the moment because 75% of my porfolo is now PLV (which is my fault). The way I see it, if Timeout is fully committed and with you at the helm the company has a great future -----------------------------------------------------------
My reply:
Timeone (and SS&T) certainly are not showing signs of getting cold feet. We have been working with them day and night for quite a few weeks now to finalise the purchase of Cockatoo and the subsequent on-sale of 50% to them.
It all needs to be done by the EGM which is now only 2 weeks away, and we are on track to acheive this.
This transaction has 43 seperate legal documents and is hugely time consuming for a lot of people from all sides.
Cheers, Tony.
PLV Price at posting:
15.3¢ Sentiment: LT Buy Disclosure: Held