AZZ 0.00% $7.50 antares energy limited

Phillipk this is exactly what I do not understand - why is...

  1. 4,696 Posts.
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    Phillipk this is exactly what I do not understand - why is everyone is so hung up on the name of the Purchaser. Say that AZZ releases the name or allows an authorised officer access to view the purchase and sale agreement including the name of the Purchaser.

    How does either one of the above scenarios help reduce the risk of completion. Sure you have the name of the Purchaser but it could just be a SPV with no funds in it - how has the name or reviewing the purchase and sale agreement to obtain the name of the Purchaser alleviated any risk? It hasn't.

    The solution is simple - request that the Directors of AZZ conduct due diligence on the Purchaser and more specifically, the Purchaser's ability to fund the consideration and then provide a statement guaranteeing that they have completed this. If the ASX/ASIC had that statement - it is much more material to the price of AZZ than simply the name of the Purchaser.
 
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Currently unlisted public company.

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