I think if the covnenants had been relaxed, and this was announced to the ASX in the next few days, ASIC would be sending someone to jail over yesterdays closing auction. Of course it is intriguing that the buyer was probably OS, hence might be out of ASIC's grip?
38% of the property is in Canada (partial sale planned) and 11% in EU (complete sale planned)
62% of issue churned in last 100 days for an average price of 23.9c
IIF Price at posting:
10.8¢ Sentiment: None Disclosure: Held