Whay Sage and NKP have failed to do is tell the market the bleading onvious but which they cant bring themselves to admit. That is that NKP simply cannot raise anything like $60M and they were having a good tug of themselves thinking they can.
The only way these two companies can get together is via paper issue but Sage doesn't want their paper.
Each company just does themselves a diservice by avoiding talking about the deal in its quarterlies or at any other time.
Stock will probably keep gettin hammered lower as more and more punters just say they have had enough of this bull**it and leave the reister.
The cash inside it will just get spent on other things etc.
A big let down this but we have seen that before
IGC Price at posting:
18.5¢ Sentiment: None Disclosure: Held
