It's not a good look. Though I don't beleive the due diligence process will go in to such depth as capturing this. So I don't totally blame EML. Typically, this will be covered under the SPA. Standard section of the SPA is that the Seller (PFS) will cover the costs of any breach by them. Logically, this makes sense. So any penalties associated with the conversion to cash too quickly should most likely be covered by the previous owners.
In terms of the 26mil, we may get it back over time eventually. Though I'd personally consider it as gone. So ouch.
It's not a good look. Though I don't beleive the due...
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Last
93.5¢ |
Change
0.020(2.19%) |
Mkt cap ! $352.6M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 96.0¢ | 90.5¢ | $1.601M | 1.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 11032 | 93.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 25675 | 7 |
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| Last trade - 14.07pm 16/07/2024 (20 minute delay) ? |
| EML (ASX) Chart |