The directors will make an announcement as soon as the both sides have done their due diligence. There will need to be an agreement. Also, any such back door listing will involve a recapitalising of the company with the vendors of the new business being issued with shares and possibly receiving some cash from the recapitalising of the company. This might involve a prospectus for the cap raise. There have been numerous examples of such arrangements. I am sure the the directors are looking after their and our interests in such a deal.
CWL Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held