I started going back over all the reports related to the cfe MCC deal.....
reports dated 26/02/2008 mou
07/03/2008 pg 6
07/04/2008 pg13
12/06/2006 pg1 contract
28/07/2008 pg1 shareholder approval
06/08/2008 pg1 sale agreement
well I COULD NOT FIND any mention of a 2 YEAR time frame for the Final $80 M
in any of these asx reports
Then comes out the asx report DATED 08/09/2010
Legal Action Commenced Against MCC
in this report it mentions a Novation Deed signed on or around 9/12/2009 with the Parent company
and for the FIRST time that I can find mentions the 2 YEAR timeframe for the final payment.
So this gets messy ....did CFE fail to advise the market of the inclusion of the 2 yr time frame in the original sale agreement.....
Was it ever included in the original sale agreement
OR is it a guaranteee from the parent company to make the payment IF MCC becomes liable under the terms set out in asx reports....where NO 2 yr time frame is mentioned ...well I can't find it ...good luck finding it......
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mcc and the 2 yr time limit are they liable
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