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
40.0¢ |
Change
-0.010(2.44%) |
Mkt cap ! $52.07M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 40.0¢ | $848.0K | 2.107M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38310 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 138 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38310 | 0.400 |
1 | 138 | 0.390 |
1 | 1600 | 0.320 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 138 | 1 |
0.410 | 14525 | 2 |
0.415 | 160598 | 1 |
0.420 | 32413 | 1 |
0.440 | 32250 | 3 |
Last trade - 12.17pm 16/08/2024 (20 minute delay) ? |
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SEQ (ASX) Chart |