https://archive.is/tevNR
TLDR: SEQ does not believe it needs to pay full amount of shares that were subject to performance hurdles of the March 2022 Share Cafe acquisition as it claims the requirements were not met (It offered only 40% instead, according to the article). SEQ have also since terminated Tim McGowen allegedly for “misconduct” and left Paul Sanger in charge of this business segment.
Positive angle for shareholders is if acquisition performance hurdles were not met, so why should we cough up the money (albeit in share dilution - no further cash).
Not sure what they were paying Tim but with him gone, I will chalk it up to a fairly decent cost saving?
https://archive.is/tevNRTLDR: SEQ does not believe it needs to...
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $45.99M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 37.0¢ | $125.4K | 338.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 10455 | 1 |
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| Last trade - 15.41pm 17/10/2024 (20 minute delay) ? |
| SEQ (ASX) Chart |