SRT 0.00% 16.0¢ strata investment holdings plc

Ann: Star Striker Aquisition Update, page-125

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  1. 2,394 Posts.
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    DD covers all sorts of things including whether there are any hidden nasties in either party - debts, outstanding litigation, undisclosed contracts, agreements etc. With so many entities in many different countries I'm not at all surprised that the process is taking longer than originally thought.

    As far as the shareholders are concerned we have a board to represent our interests. All of this stuff is commercially sensitive. When you enter a DD process one of the first things that gets signed is a non-disclosure agreement otherwise no-one is going to let another party get unfettered access to their books.
 
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