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Ann: CDY Engages Advisers to Facilitate Divestment from Lyramid, page-13

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dunover

1,227 Posts.

236

10/09/20

13:55

Post #: 47240254
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Originally posted by makka: ↑

“The two agreements are independent from each other and have similar terms including no exclusivity. Under the agreements the only fee payable by Cellmid to either of the consultants will be a success fee on completion of the sale or partnering of the midkine asset portfolio. The reason for signing two agreements is to fully exploit both partnering and divestment options efficiently. “

No consulting fee to be paid unless a deal is complete. Selling this asset or partnering now is a good thing imo as I can’t see cdy developing this further from here on as it would require substantial amount of funds
and time.

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Questions
Will Fintan Walton flog this off at a price that will be better than C14?
Will the acuiring party have connections with current management?
Will Direct Capital Group Pty Ltd act as advisers to the new entity?

CDY Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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