matrix - your call, page-5

My take is the following:

1. The Matrix liquidator (in my opinion) sold enough shares to cover the $5 million transaction price.

2. When the matrix creditors were paid, matrix moved from being in liquidation to being in voluntary administration.

3. The remainder of qmn shares are now in the control of the administrator and not the liquidator.

4. The prospectus states that the shares must be sold within 18 months of the settlement date (the settlement date being 5 July 2010)... the administrator will likely hold on to the shares for as long as possible (why wouldn't they when there is so much upside with qmn).

So in conclusion, what I am trying to say is that I would be very surpised if money will be paid from qmn to matrix (be it the liquidator or administrator).

And Beany, in relation to your last post, we may not see an announcement that the deal has been finalised for 18 months ... I stress the word "may".

This is only my opinion and I look forward to people's thoughts.