Yes you are correct, hence the $300K reversal of contingent consideration (6,000,000 at 5c) shown in the FY16 Income statement i.e. its been written back into the P&L.
My guess is that the capital restructure will include the vendors or an insto doing an equity swap for the $1.315m in working capital they have effectively lent the business since MCS & Intiga got together.
Ann: Voluntary Suspension Extension-MSG.AX, page-3
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $198.1K | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $12.41K | 12.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1111513 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 5233300 | 3 |
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| Last trade - 15.52pm 11/07/2024 (20 minute delay) ? |
| MSG (ASX) Chart |