I'm expecting news this week regarding the proposal. Possibly tomorrow. With Directors being unable to buy shares (or sell I guess) the SP remains subdued, surprising given that there is more than one suitor in the mix.
This on the 31 July - "Whilst the Proposal continues to be indicative, non-binding, incomplete and conditional, the third party has successfully completed their due diligence and has now presented draft documentation for the Company to review. The Company expects to make an announcement shortly as to whether or not the Proposal will proceed."
"The Company advises that it has received a number of enquiries from other parties looking to invest in Xceed. Certain of these parties have undertaken due diligence. In the event that the Proposal does not proceed, the Company may look to advance discussions with these parties."
Have no idea what to expect.
XCD Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
