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.
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I don't know its as simple as that. I do hope that we have not...
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Last
41.5¢ |
Change
0.015(3.75%) |
Mkt cap ! $51.07M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 40.5¢ | $311.8K | 759.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 120160 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 120160 | 0.410 |
3 | 134968 | 0.405 |
3 | 194000 | 0.400 |
2 | 45499 | 0.390 |
2 | 24000 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 100000 | 1 |
0.420 | 32413 | 1 |
0.430 | 46745 | 1 |
0.440 | 12250 | 1 |
0.450 | 20000 | 2 |
Last trade - 12.49pm 27/08/2024 (20 minute delay) ? |
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