From the announcement on the 1st October:
"...completion of the merger shall take place on the tenth Business Day following the date of such satisfaction (or such earlier date as the parties may agree). This date is tentatively anticipated to occur during the first two-three weeks of November 2014."
The agreement does not read very well, as in it jumps around a bit with dot points and sub clauses, however the above relates, I believe, to the auditing of the parties books and final approvals from shareholders etc. Certainly no hints from the GBR volumes being traded on the AIM, all very low volumes the last few weeks.
First thing is for them to get it done on time and show the market they can hold a deadline (don't hold your breath!), Second will be to see what time frames they then put forward regarding the cash payment (loan) and finally any further info on the reverse take over and AIM listing. The above announcement was received by a chorus of crickets so we wait to see what the next stage brings with any improved market interest!
Still hoping to see a Opti Blend sales update with some help from Cummins and further information on the concrete trials and or the Global concrete interest.
TTB
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