TD1 tali digital limited

Here’s the original strategic partnership announcement:No word...

  1. 4,601 Posts.
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    Here’s the original strategic partnership announcement:

    https://hotcopper.com.au/data/attachments/6887/6887282-002634f19417e2f4aefca642ecc07b19.jpg
    No word yet on where Sprint Capital Partners sits in all of this Genius calamity.

    https://hotcopper.com.au/data/attachments/6887/6887285-d4ab0b9576c60bf2431b11cadf93d21f.jpg

    Who controls them, what are the legal connections, what payments from Tali - or issues of new shares - took place, what does the partnership agreement say (and the subsequent expansion of the agreement on 4 August 2023 say) about performance default by a contracting party or it’s affiliate, etc.

    It is important because Genius (now called Vertical 4 Pty Ltd and in administration) is Sprint’s “affiliate” and by virtue of the partnership with Tali, Sprint now holds (at last update) 16.99% of Tali shares:
    https://hotcopper.com.au/data/attachments/6887/6887288-e1c369cb5d7f05d3cd2f97535189cbf4.jpg

    Tali directors need to update the market shortly with much more detail than the bland statement today (which came days late - the media have been across this mess for up to a week already).

    As of today, media reports 25 Genius childcare centres under administration! Zero chance imo of any sales let alone revenue for Tali products coming our way.
 
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