So we have heard that GMC is awaiting an email confirming that Pak is still committed to this transaction.
We know that the finalised binding agreement required Pak to deposit $10M USD within 21 days of signing the agreement on 21 November 2016 (ie 12 December 2016).
We know this date his since lapsed but have not been updated on the validity of the agreement post the 21 days (which is significantly material as a reasonable person would likely expect this news to be material to price).
And now we appear to be awaiting an email confirming Pak's committment. Is the inference not then that in the absence of this email the validity of the agreement is unknown.
Therefore one must ask was there a point in time when the validity of the finalised agreement with Pak suddenly required an email confirming his commitment and if so why was this not disclosed as part of the continuous disclosure obligations (since there was doubt surrounding the validity of the agreement)?
Something more than strange is going on here
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