3 (now 4) months due diligence was and remains very ambitious. I compare to another stock I'm invested in (FND) where recently a $37 million transformational investment was presaged by over 6 months due diligence based on management public interviews, and that was less complex (investor and business in same jurisdiction as business, simple ATM business with long secure contracts) and of a much smaller quantum than Lanqi is on the hook for. Wouldn't be surprised if next extension is for several months.
Ann: MRG HMS - Extension to Due Diligence Period, page-27
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Mkt cap ! $2.525M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $446 | 446.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 50 | 133441973 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.2¢ | 62352110 | 33 |
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| Last trade - 14.16pm 27/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.1¢ | 0.1¢ | 0.1¢ | 4745000 | ||
| Last updated 13.07pm 27/05/2024 ? | |||||
| MRQ (ASX) Chart |