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14:04
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Originally posted by bakker:
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A further analysis of the announcement seems to indicate that the Singapore based, Nexus- Vita Pte Ltd has until December to come up with with the cash or the deal can be terminated. It further indicates that they are confident of doing so within the time frame.
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Just to clarify, and so it doesn't sound super scary, I don't think NV have to front US$3.55M upfront. I assume fees will come in as per the agreed billing schedule (that I don't know).
(20min delay)