listing when ?, page-74

Marc,

I suppose CAGs 'main event' was the Merge with Exergen, which was obviously dependent on certain conditions...CAG has announced the breakdown of that merger through certain conditions not being met...

Details of that transaction and thus obviously things that needed to occur were -

****125 million shares upon the execution of a lease with EBAC at Commercial Road, Morwell, Victoria and a site services deed with EBAC for the supply of services, including making available infrastructure to enable the construction, operation and maintenance of the PCDP***

and

*****125 million shares upon the award of a government grant under a current joint Commonwealth and Victorian government initiative**** (interesting)


If Exergen failed in meeting conditions then obviously CAG would walk as certain milestones would most likely prove unachievable.

IMO an ASX listed company whose 'main event' was ALDP grant would most likely have to announce failure...not sure how it would be worded, as it would no doubt confirm success of another any other listed company if one had applied.

CAG..well IMO, ALDP may have been just a condition of the merger...So IMO all they would have to announce would be a breakdown due to conditions not being met...that way, nobody would be any wiser as to the status of the ALDP....if that was the condition of course