Ann: Major USA Transaction Finalised, page-25

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ThePennyChemist

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31/12/19

18:38

Post #: 42180757
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Originally posted by grussellt: ↑

You would have to say that this announcement has seen IGE rising like a phoenix. It does however seem remarkable that lenders are prepared to advance these funds when considering the lack of success in another company involving IGE directors:
https://www.ferrierhodgson.com/au/-/media/ferrier/files/documents/corp-recovery-matters/dickson-and-dickson/total-compression-solutions-pty-ltd-s439a-report-to-creditors.pdf

3.6 Events leading to our appointment
Set out below is a summary of the events leading to our appointment to the D&D Group:
Date Event
24 November 2015 OXC Bidco acquired the shares in D&D
November 2015 – April
2016
Approximately $7m in additional funding provided by OXC Bidco to fund the D&D
Group’s working capital requirements. Additional funding provided by other Obex
group entities of approximately $385k post April 2016.
April 2016 Paul Dickson and Dianne Dickson cease to be office holders of the D&D Group
May 2016 Former COO Stuart Clark leaves the business.

I don't recall reading any reference to these matters in the prospectus but I wish IGE directors more success in current ventures.

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people saying the same rubbish about ZNO and their director Paul Hyslop’s previous historical performance and activities when it surged 50%-60% to 17c, trying to bring up irrelevant things of the past ... it hit 80c today and is proof that the past should not be a determining factor of an entirely different company’s future.

IGE Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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