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amg63

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30/04/16

13:02

Post #: 17641258
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Originally posted by smac656 ↑

I would not give any significance to the 27th of July. The license must come sometime in the "next 90 days". But 90 days from when? Is it :

1) 90 days from the end of the quarter (29 June)
2) 90 days from date of shareholder update (27 July)
3) 90 days from the term sheet which is awaiting execution (???)

The announcement of April 27 says #3 above. The announcement of April 28th says #1 or #2 and sort of #3. So really we have no idea. All I am assured of is it will happen. I expect the timing will be cleared up in a few weeks when the PDA and term sheets are actually signed.

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I would say the 90 days countdown would begin at latest on 31st of March as the shareholder update covers events ending on the 31st of March. The 90days was explicit, no bs about it; if it was conditional upon any executions it would have been stated IMO.

Whats confusing is the PDA announcement which does not mention the 90day deadline

Last edited by amg63: 30/04/16

OBJ Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
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