SKG have openly said that the deal is not done until the money is in the bank, but they had no choice but to announce the deal to the market once the contract was signed. Their client would have to seek finance approval for a sum of $23million U.S. and this will take time.
If BQT have such a big deal coming why dont they go to the bank instead of selling assest and cashing in options ? At least SKG are in with a chance of landing a big one Bazzaroid, they have done the leg work and now they need the cards to fall their way.
SKG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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