I don't know its as simple as that. I do hope that we have not lost/ or will lose parts of the Morrison's team as a result of this. Nothing worse than being left at the alter. Your company has agreed to sell you and the buyer cannot get the money to complete transaction. I think I did post that the price seemed very high. so I am not that surprised they cannot raise the funds, As I understand it the attorney must have $7million in their account and we have the break fee of $3 million in our account.
All in all not a happy moment much like the Sargon OneVue deals...
However we cannot blame management as they did a great deal and the purchaser did pop $7 million into the attorney and break fee of $3million to us. If SEQ are to walk away it is a clean cut break. We know the deal and we have the Cash. The ongoing negotiations are a concern - surely they have the money or they don't. The next part is we want a discount - well then you are in a real difficult space - how can you partner with them and hold 20%. I think this is something that is either money by close of business tomorrow or goodbye any future approach your $3 million is ours and you have to start from zero.
- Forums
- ASX - By Stock
- Ann: Trading Halt
I don't know its as simple as that. I do hope that we have not...
-
- There are more pages in this discussion • 11 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
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
Add SEQ (ASX) to my watchlist
|
|||||
Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $57.60M |
Open | High | Low | Value | Volume |
44.0¢ | 45.0¢ | 44.0¢ | $12.28K | 27.37K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22471 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 56661 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22471 | 0.445 |
1 | 46718 | 0.440 |
1 | 60185 | 0.435 |
2 | 501655 | 0.430 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 56661 | 2 |
0.470 | 100831 | 1 |
0.480 | 495000 | 1 |
0.490 | 12083 | 2 |
0.495 | 44896 | 2 |
Last trade - 15.31pm 02/08/2024 (20 minute delay) ? |
Featured News
SEQ (ASX) Chart |