As Alan Bond used to say " It is not over until the Fat Lady Sings"
And he managed to avoid the final end few times until she did sing for him !
I do take that any positive view will qualify directly for a straight jacket and the mad house.
Keeping the above in mine few point clarifying the initial announcement.
1. 100% equity investment for 64% ownership 2. But money to be returned to the investor in some point of time and then pdy can claw back the ownership to 49%
So if the money returned than one would say it was a loan but if it was a loan than why 64% ownership ?
And there was no upfront fee because it was not a loan.
This was just to complex to ASIC/ASX and average investor so if it was Jina she would do as she pleases but listed company had to have discussions with ASIC/ASX and Roland had enough.
Now ASIC/ASX has dilemma : have they damaged a legitimate deal ?
They are in no win situation:
1. If the deal was not legitimate they should not allow to trade
2.If the deal was real they should not cause it to fail
Shareholders have a case against ASIC/ASX either way.
Let Ambulance Chasers deal with them !!
PDY Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held