@RedTerritory
I have dealt with CEOs, and I can ensure you that they have a very high standard for the questions they want answered during the negotiation period of any sale and purchase agreement prior to execution.
Due diligence on the ability to fund a $250M transaction, counterparty risk and then sufficient risk mitigation clauses would all be expected prior to entering into an exclusive agreement (let alone an exclusive agreement that will dictate the ongoing financial viability because of debts that are due).
If you want to earn $1M per year, then I don't think it is too much to expect you to deliver the same standards of excellence as industry peers on that salary.
The worst part, is I went to great efforts to conduct due diligence on AZZ and invested after placing reliance on the statement that there was no conditions precedent (which was a direct answer to a question that I asked and have proof of). If it now turns out that there were conditions precedent I believe I/we have a strong case for class action - and this is why I got ASX involved at the very start. Looked to good to be true, and if I was going to invest in this and lose I wanted there to be full accountability.
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