re: Ann: Reinstatement to Official Quotation ...
According to the silver purchase agreement ...
The first US$5M installment will be structured as cash payment, with up to US$3M to be invested via subscription for securities under the shortfall offer ...
The second and final US$5M cash payment will be payable upon the company achieving certain stated milestones ...
I'm curious whether they terminated the agreement because Preciosa didn't get the US$3M worth of shares under the shortfall offer, or because AYN now doubts they can achieve certain stated milestones. I hope it's the former rather than the latter, because although I didn't subscribe to the rights issue, I still hold a fairly big (pre issue) parcel.
Too many twists and turns in this roller coaster ride, not to mention the heavy losses already suffered.
AYN Price at posting:
0.5¢ Sentiment: None Disclosure: Held
