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Do you have access/link to the 2013 disclosure that said this...

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deridas

12 Posts.

14/02/19

17:57

Post #: 37440425
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Originally posted by smallbear: ↑

This is an unhelpful ASX announcement. No detail and leaves the reader flummoxed. some of my questions:

- how much of Beacon are ASP required to buy?
- what will this cost?
- why did it take two weeks to notify shareholders?
- what happens to the receivable note if ASP buyback Beacon?
- previous disclosure back in 2013 had said this option expires in 2017 so how can it still be valid?
- why was the option not negated by the sale of ASP's share of Beacon in 2017?

Since the company leaves investors guessing, here is my guess: Beacon is financially struggling since ASP started competing with their new events company. As a result they are not likely able to repay the note due to ASP in 2020. but they noticed that ASP forgot to cancel the 2012 option when they sold the business in 2017 because they are stupid. the owners of Beacon have seen a potential loophole by attempting to exercise the option and avoid repaying the note and also extracting cash out of ASP.

but I could be very wrong but given the disclosure to date this is my best guess.

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Do you have access/link to the 2013 disclosure that said this option expired in 2017?

ASP Price at posting: 0.9¢ Sentiment: Hold Disclosure: Not Held
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