Technical Analysis - KDR, page-108

ddzk

The relevance of being two listed companies V individuals means very little in the context of this court case so I find your point mute.

The question is whether the two "companies" had an agreement that was binding?

To simply say but I cant be in agreement that is binding as I need board approval is not satisfactory.

CEO's can speak with their delegation officer and make all kinds of decisions without board approval, in fact your constitution can allow for approval without any board involvement, so do not understand your logic behind differentiating between individuals and listed companies?

What you deem to be "normal practice" does not make it unbinding necessarily to not follow the same practice?

As the two parties spokespeople if you like agreed to an agreement via text, email, phone, one can easily assume that an agreement has taken place. In fact it has factually taken place, albeit it is not complete, but not because it doesn't have board approval, that is all but a minor facet.

If KDR says to me "we agree with that" please draw up a heads of agreement, then I can conclude that the deal is as good as done if I so choose.