Ann: Request For Voluntary Suspension extension 7 days, page-86

BUT, the letter seems to state quite clearly that it is an acquisition by MCL, not QBL. This is interesting. As a business (hopefully!) in the first stages of rapid expansion, where would MCL get the funds for a ‘significant acquisition’ in the first place? A share issue by MCL as payment for the acquisition would presumably dilute the 55% holding of QBL possibly below the 50%+ required for control. I don’t see that QBL management would want this. I know QBL has significant cash reserves, so what about a loan from QBL to MCL to make the acquisition?
Just my thoughts on this, but this sort of scenario would require more time to be fully ‘processed’ and approved by the ASX.
I will make no comments on what the acquisition will actually be. There is a lot of fairly detailed conjecture - some even quoting figures on this. I fail to see how on earth somebody could even come up with anything remotely near the truth, and pure ‘pie in the sky’ conjecture serves no useful purpose.
I hope the announcement next week (or before) is a great one for us all!
GLTAH & DYOR