QPN 27.3% 0.8¢ quest petroleum nl

Hold up, I read it as we are purchasing a shell company for the...

  1. 1,197 Posts.
    Hold up, I read it as we are purchasing a shell company for the value of $100,000. so are we becoming a shell company or are we purchasing one?

    "(shares issued as consideration for
    the 100% acquisition of an unlisted
    Pty Ltd cash shell for a total
    consideration value of $100,000 -
    which is equivalent to the cash in
    the shell. Consideration shares were
    calculated using a QPN share price
    of $0.002)"

    I'm more of a TA man, I'm often incorrect in deciphering FA language, but an acquisition is usually a purchase is it not?
 
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Currently unlisted public company.

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