"To manage its compliance with ASX Listing Rule 3.1, Intiger Group Limited (the “Company”) requested, and was granted, a trading halt on 2 May 2017.
The Company had been in advanced discussions in relation to an agreement for the provision of financial planning, administrative and processing solutions by the Company, with a view that a legally binding agreement would be entered into by the Company.
Those discussions whilst being in advanced stages were and remain incomplete, confidential and not concluded to the Company’ssatisfaction.Those discussions have ceased, with no legally binding agreement entered into by the Company.
The Company will continue to accelerate its focus on executing its growth strategy of building its customer base across Australia."
So IAM management thought they were getting somewhere with the mystery PFSC when possibly last minute IAM management were presented with some sort of unwelcome surprise as they could not complete their verbal agreements satisfactorily.
Discussions ceased, time for talk up, no legal agreement and IAM are stating they are going to power on (accelerate) with executing its growth strategy of building its customer base across Oz.
Bit of an "up yours" touch to it!
Kind of looks like the mystery PFSC has had their chance now and IAM boys are saying, no more fun and games, your either in or out, we're walking away at this point and your out!
I do see the word remain, where stating discussions remain incomplete.
The mystery PFSC may have one more chance or a short time frame to complete 'discussions' but for now they have ceased!
All of us share holders are somewhat annoyed but reading through this announcent it seems evident we are not the only ones PISSED!
Cheers,
Jocko.
IAM Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
