The whole IFCA deal is full of intrigue. Every one should know...

The whole IFCA deal is full of intrigue. Every one should know the condition precedent that CMQ had not made any misleading announcement to the ASX is funny - the court case showed David Williams doing deals with Inviro to hide the true selling price.

I am surprise the court refused CMQ's application to vary its undertakings but in hindsight it is because the bondholders/court seeked those undertakings at that time to prevent CMQ from using the court appeal process as a tactic to seek time to get financing!

Even if in the unlikely event CMQ wins the appeal, the case may go to appeal.

Mr Williams may be confirming his skills as CEO doomed companies.

PS: Optimix, your statement of mere formalities of failure is proven true!