Interesting - just looking at the terms of Mega's Big Mack deal: http://au.advfn.com/news_Pacific-Iron-Ore-Corporation-Announces-Agreement-to-Sell-Non-Core-Assets_43034297.html
" The Agreement contains provisions for the issuance of additional Mega Graphite Shares to the Corporation in the event the price per common share of Mega Graphite does not reach $1.11 per share within 30 days of Mega Graphite completing its going public transaction. Additionally, if Mega Graphite does not complete its going public transaction before May 19, 2011 the parties have agreed (a) the 21 mining claims will be returned to the Corporation and (b) the 900,901 shares of Mega Graphite will be transferred back to Mega Graphite."
Mega equity would have been diluted had the IPO not realised $1.11 but it probably doesn't matter as the deal was due to lapse if Mega didn't IPO before May 19, 2011.
They really don't appear to have a good track record of closing deals on time. Anybody know if it actually proceeded?
- Forums
- ASX - By Stock
- SER
- Ann: SER Business Review 2011
Ann: SER Business Review 2011 , page-44
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SER (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $16.05M |
Open | High | Low | Value | Volume |
2.3¢ | 2.5¢ | 2.3¢ | $46.95K | 1.977M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 311250 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 312323 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 61250 | 0.024 |
2 | 237875 | 0.023 |
1 | 500000 | 0.022 |
7 | 966044 | 0.021 |
8 | 2835826 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 312323 | 3 |
0.026 | 476707 | 3 |
0.027 | 254166 | 2 |
0.028 | 142000 | 3 |
0.029 | 343307 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
SER (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online