Optimix, what happened to your assertion that the condition precedents were all mere formalities? I am sure everyone can see your views are very different from the truth.
Largest biotech recapitalisation ever in Australia, bondholders requires court approval for not accepting deal ecetera, Optimix's supportive view? You are very modest! Your views are short of truth and blind to facts. All readers should take your great advice from $5 down to 5cents.
Wake up, Optimix. Read Nockname's posts and you should ask the questions he asked! What does the court rulling means?
Simple - CMQ is not allowed to alter its undertakings until the court delivers the appeal judgment. It is all over if it goes against CMQ - IFCA will just buy CMQ from the liquidators.
In the unlikely event it rule in CMQ's favor, CMQ has its death-bed extended until Feb 08. If IFCA has the money and is still interested, it can do another deal with CMQ but no deal can ever proceed without the bondholders' approval. Why Optimix?. Show us your intelligence and explain why.
Cheers
Cheers
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