The ann of 15 Jan said: "CSD has taken operational control of...

The ann of 15 Jan said:

"CSD has taken operational control of the assets with immediate effect and all
SPM employees have been transitioned across to CSD as of 13 January.
Operations will continue seamlessly as CSD has taken all responsibility for
related operational and financial matters.
To finalise the transaction, CSD will:
• issue to SPM 580,000,000 fully paid ordinary CSD shares (Consideration
Shares);
• issue a convertible note to SPM for $16.5 million which will be
convertible into 165,000,000 ordinary shares 12 months after the date of​

issue;"

IMO the transaction will be finalised when the shares are issued. The transaction has not yet been finalised as shares have not been issued.

IMO the CN will convert 12 months after issue and, IMO the shares will remain in escrow for the relevant period comm date of issue being the date of finalisation.

This does not sound normal, but folks, that is the beauty of the "merger". This has been done on a friendly basis and on the basis of a handshake. Mr Tong will do whatever is good for CSD and on the basis of mutual respect and friendship with Ralph!

I think we just need to get used to it and not go looking for things that are quite simply not there.

All IMOO and pls DYOR!