I would be surprised is CZP pulled the plug on this deal. The deal looked like a reverse take/over of CZP by Leading Solutions, not the other way around. Note that the name was going to change to LS as well.
I think that L/S "saw the light" in this deal and decided not to proceed because they saw little value in the CZP business.
So far CZP's business growth by organic means has been dissapointing, their aquisition of Notebook Depot in late 2006 a failure (they sold it back to the previous owner at a loss). In fact they have not put a deal together since listing in August 2006 - their ACT & Tasmanian aquisition's were put together by the previous owner(s) and their management team, when it was still a private company.
A close read of CZP's 2007 annual report & finacials and the interim report is quite revealing regarding the amount of shareholder equity in the business, and the cashflow.
CZP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
