I still think there is a good chance of a deal being done although the lack of a price at this stage is concerning. All the reports in the press indicate that Findex want this deal and see value in the company. Some sticking points mentioned are that long term holders bought in at higher prices, capital gains on sale of business units and franking credits that could be distributed. That's probably why consideration is incomplete plus the need to keep principals on side with discussions. Either way I think the company is cheap on price to revenue basis as I've mentioned before so I will continue to hold on the hope that we could see quick gains if there is a deal or slower gains in the case of an operational turnaround. Downside is further revenue losses eroding some of the value on offer. Good luck to all who remain.
I still think there is a good chance of a deal being done...
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