Ann: IDSB Sale and CEO Search Status Update, page-25

  1. 1,986 Posts.
    lightbulb Created with Sketch. 2253
    So in April they said this

    https://hotcopper.com.au/data/attachments/7029/7029826-6590552f5f0f3b1e0c2efe4dbf5dda75.jpg
    They were going to keep a "strategic stake" and sell 15.75% immediately.

    Now they announce they are waiting for sign off to sell the full 21% stake. So which is it? Are they not keeping their "strategic" stake any more, or does it mean the original buyer didn't want to purchase the full 21% stake in the first place

    https://hotcopper.com.au/data/attachments/7029/7029829-1568b031fd6ae5a135a04c0ba17d7e72.jpg
    Now they're talking about taking it to any broker that can sell it.

    Meanwhile the cash burn continues in the background.

    I still maintain this wil make for a great Netflix movie once all done.
    Last edited by 61289439: 28/05/25
 
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