SDV 5.83% 56.5¢ scidev ltd

be realistic its over, page-6

  1. 7,104 Posts.
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    "secondly on the one hand they said that everything was signed and done and dusted"
    Wrong Wrong & Wrong
    this is what it says in the announcement 7/11
    The relevant documentation has been executed by the parties thereto and is currently held in escrow.
    The transaction is subject to a regulatory approvals process in the international jurisdiction, which
    process remains outside the control of the transaction parties.
    Nothing about it being finalised here.Conditons still to be forfilled.
    (or done and dusted in your words"
    further to this 30/10
    The INL Board today formally approved the Company entering into the finalised legal documentation in respect of the transaction envisaged in INL’s announcement of 23 September 2008. Thus it is expected that the relevant agreement will be formally executed before the close of business on Friday 31 October 2008 as previously announced. However, due to the foreign jurisdictional public reporting and disclosure requirements of the other party involved,(says here approved to enter into and then as above refers to the conditions.)
    Until these conditions have been forfilled the deal is not done and dusted!! or revoked.
    Deal is still being played out even though both paties may have signed some paperwork other approvals are yet to be sought.......
 
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