The Froggy Channel., page-5212

  1. mbc
    1,349 Posts.
    lightbulb Created with Sketch. 436
    You misunderstand what that means. That says, subject to all conditions being satisfied the assets will be transferred to Anson’s ownership 5 days post Close Date.

    The actual date of when that happens will be determined by all conditions being met and must be no later than 31st of October by the agreement entered into by both parties.

    The conditions are giving them the ASN shares (appears done) and paying up some cash for various fees etc.

    Both companies could actually agree to do it any time, though typically these things always close on the last day or very close to it.

    ASN has a history of doing things like lodging quarterlies at the very last moment.

    Perhaps we will be pleasantly surprised. In any case it’s just administration now anyway, the sale has to be closed, it’s a done deal.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.