Since the completion of Oceanique in July 2010, 25 apartment contracts have settled for a gross amount of A$61.5 million. 19 of these settled contracts were from the Presale Campaign and 6 settled contracts were from recent sales transactions.
Of the 40 presale contracts, 15 contracts remain on foot and 6 contracts have been terminated on various terms after extensive review and due process. Each of the 15 contracts on foot is currently being pursued vigorously by the Company with a number in various stages of court proceedings.
Hate saying i told you so bakkie i was actually hoping you were right and more had settled.
PBD Price at posting:
6.7¢ Sentiment: None Disclosure: Held
