hoots,
"Ninety minutes before the scheduled General Meeting, SS&T Group officially advised the Company that it would not complete the transaction in its current form. The Directors’ postponed the planned General Meeting pending clarification of the position from SS&T Group."
PLV and Timeone went out to replace one investor with another 'bigger' investor for Cockatoo finance after Timeone's original guy pulled out ...they got SS&T. They have plodded along nicely all this time and waited until the finish line to screw both PLV and Timeone. They have treated all and sundry (SHAREHOLDERS!) with utter contempt (90 mins before the EGM!), a plaything of sorts.. They turned out to be a wolf in sheepskin, we can cry all we want, whats done is done.. draw a line in the sand and move on..
do the deal for Cockatoo with others now. in the meantime i'm drafting an email to SS&T echoing a former PM's thoughts on the Chinese..
cheers
SuperTim
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