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16.0¢ strata investment holdings plc

Was it brought up by ASIC? No evidence that it was. All too...

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dilson55

1,225 Posts.

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19/05/16

09:30

Post #: 17808915
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Originally posted by bz847 ↑

These delays are becoming so common now we should all be immune to it

I am seriously scratching my head, if indeed it was brought up by ASIC how wasn't it picked up by those lawyers so diligently going through the fine prints before? Or even mentioned when MW and MF were hammering down the deal?

All in all a 'debt for equity' swap is not a bad outcome to solve this one. The shares are escrowed for 24 months which is good, but standard.
Perhaps as a sweetener they could have converted at 2.5c or even 3c with some attached oppies, that would have been a strong vote of confidence in Intiger, but I'm being picky.

One of my main concerns was MF entering this mariage with close to no holdings, it seemed weird and desperate to have such a one sided deal. Pay the man and give him a taste of what s to come if he delivers!!

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Was it brought up by ASIC? No evidence that it was. All too often people on HC say something and it is taken as gospel.

SRT Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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