ALA 0.00% 15.0¢ arovella therapeutics limited

AGM Date & Time, page-10

  1. 1,893 Posts.
    Hi nameuser

    Not sure that will be possible - two reasons - first I suspect there are more than one suiter for each available product so any MOU or HOA would kill any possible auction activity laying them open to delays if the nominated party does not proceed.

    Secondly it is not usually done that way and that is why it can take so long. Due diligence is a long and often protracted affair because in this space they are dealing with scientists who will want every contingency covered off. Once this process is completed then it comes down to the suits structuring a deal that is acceptable to both parties, again this can take time and when they reach the point of being able to sign a HOA then the deal is done.

    Your point though is valid in so much as it would be wise for the company to flag any possible delays which I suspect would be done under the banner that the interest in their products has been so high that it has required more time be given to prospective partners so as to allow as many bids as possible to be considered thereby maximising shareholder value

    Clyde
 
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